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Author Topic: DELIVERY  (Read 211 times)

Offline Mr Rufian

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  • Posts: 10
DELIVERY
« on: December 23, 2015, 09:45:26 PM »
Hi,

So... what happens if you make an order you (may) be able not to pay... ????

Imagine you just ordered a 500M 737 fleet (7) and you set the purchase to be 50/50... and suddenly you understand you will have to pay 250M in just 8-10 months and you may don't have the money (i will have around 100M by then)...

what happens? i may be able to pay 3 or 4 planes....
« Last Edit: December 23, 2015, 10:00:04 PM by Mr Rufian »

Offline DanPavlovic

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The person who likes this post:
Re: DELIVERY
« Reply #1 on: December 27, 2015, 11:35:08 AM »
Bit of a mistake but the solution is to start selling the first 1-4 planes asap. Hopefully the sale will happen quickly and you will have cash for the remaining planes.

Dan

Offline schro

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Re: DELIVERY
« Reply #2 on: December 27, 2015, 01:28:31 PM »
Your bank account will go negative. When you have a negative bank account, things don't get paid, especially maintenance on your fleet, which causes fines and grounding that will push you into a spiral of death and ultimately bankrupt you.

Two solutions - sell the planes asap (before bad things happen) or use them as collateral on a secured loan (assuming credit is available)

Offline Mr Rufian

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  • Posts: 10
Re: DELIVERY
« Reply #3 on: December 28, 2015, 01:55:05 PM »
Thanks, i did the DanPavlovix option but things did not go well..


 

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