AirwaySim
Online Airline Management Simulation
Login
Username
Password
 
or login using:
 
My Account
Username:
E-mail:
Edit account
» Achievements
» Logout
Game Credits
Credit balance: 0 Cr
Buy credits
» Credit history
» Credits FAQ

Author Topic: Secured and unsecured loans.  (Read 781 times)

Offline JumboShrimp

  • Members
  • Posts: 5992
Secured and unsecured loans.
« on: March 18, 2013, 06:24:44 AM »
(going by memory, have not tried it in this game world yet)

Let's say I start with:
$500 mil in secured loan availability
$100 mil in unsecured loan availability


Scenario 1:

Step 1:
I take out $100 mil unsecured loan.

Availability becomes:
$400 mil in secured loan availability
$0 mil in unsecured loan availability

Step 2:
I take out 100 mil secured loan

Availability becomes:
$300 mil in secured loan availability
$0 mil in unsecured loan availability


Scenario 2: I reverse the steps:

Step 1:
I take out $100 mil secured loan.

Availability becomes:
$400 mil in secured loan availability
$0 mil in unsecured loan availability

Step 2:

There is no step 2.  I can't take 100 mil in unsecured loan, because taking out secured loan wiped out unsecured availability.

brique

  • Former member
Re: Secured and unsecured loans.
« Reply #1 on: March 18, 2013, 05:17:21 PM »
Reverse version seems to be holding in MT8 : my secured loan wiped my unsecured element out, paying down the loan has brought a portion back now.

I agree, it doesnt seem 'right' to me either.

Offline Sanabas

  • Members
  • Posts: 2161
Re: Secured and unsecured loans.
« Reply #2 on: March 19, 2013, 02:21:22 AM »
It's been mentioned before, and was working as intended back then. Any secured loans you may have will still count against the unsecured loan limit.

Offline JumboShrimp

  • Members
  • Posts: 5992
Re: Secured and unsecured loans.
« Reply #3 on: March 19, 2013, 04:23:12 AM »
It's been mentioned before, and was working as intended back then. Any secured loans you may have will still count against the unsecured loan limit.

If you can get 100M unsecured then 400M secured, you should be able to get the same in reverse order (400M secured, then 100M unsecured).

Offline Sanabas

  • Members
  • Posts: 2161
Re: Secured and unsecured loans.
« Reply #4 on: March 19, 2013, 05:32:22 AM »
Yeah, I agree. I also think you should be able to redo a secured loan up to the value of the planes involved (subject to the overall limit), rather than having to pay off the entire loan then take out a new one. If an airline has 150 million in assets securing what was a $150 million loan, but is now paid down to $50 million, and they're desperate for cash, they should have access to that other $100 million to use as security for a new loan. Which isn't possible right now unless they have $53 million cash on hand, and are willing to pay the ~3 million in fees.

ReedME

  • Former member
Re: Secured and unsecured loans.
« Reply #5 on: March 19, 2013, 05:52:08 AM »
So you're talking about a Re-Draw facility Sanabas? A common feature in reality. I too believe we should have access to such a facility. I mean... what does the bank have to lose. They re-loan the money, they get more in interest/fees... haha

 

WARNING! This website is not compatible with the old version of Internet Explorer you are using.

If you are using the latest version please turn OFF the compatibility mode.