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Author Topic: Negative Cash Balance  (Read 311 times)

Offline pdxpilot06

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Negative Cash Balance
« on: September 08, 2015, 12:30:06 AM »
My airline has a negative cash balance - can this continue or will lessors start seizing my aircraft if I can't make the monthly lease payments? I am considering bankruptcy and starting over. How long do I have to make a decision?
Global Express Airlines | Connecting People and Places
Dallas, Texas | United States of America

Online Sami

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    • AirwaySim - Are you the next Richard Branson?
Re: Negative Cash Balance
« Reply #1 on: September 08, 2015, 08:03:17 AM »
That is ok up to a certain point. When it's tens of millions negative you will get a bankruptcy warning and have about 24hrs time to react.

Offline pdxpilot06

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Re: Negative Cash Balance
« Reply #2 on: September 08, 2015, 09:20:52 AM »
Good to know, thanks. I decided to declare bankruptcy and start over proactively. At least now I know I have some flexibility if things go south again.
Global Express Airlines | Connecting People and Places
Dallas, Texas | United States of America

Offline pdxpilot06

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Re: Negative Cash Balance
« Reply #3 on: September 08, 2015, 09:21:26 AM »
That is ok up to a certain point. When it's tens of millions negative you will get a bankruptcy warning and have about 24hrs time to react.

Just to clarify...24 game hours (25 minutes) or 24 real world hours?
Global Express Airlines | Connecting People and Places
Dallas, Texas | United States of America

Online Sami

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    • AirwaySim - Are you the next Richard Branson?
Re: Negative Cash Balance
« Reply #4 on: September 08, 2015, 10:24:35 AM »
Real time naturally

 

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