Ordering aircraft

[jamestbailey]

What happens if you order an aircraft and pay your 40% deposit, but when it comes to delivery time you do not have the money to pay the balance...

[swiftus27]

Sami comes and visits you in the night....  

... and the word is that he's been reallllllly lonely programming 1.2

[jamestbailey]

   ... and the serious answer is?

[EYguy]

You can of course get in to the red figures a lil... It happened to me only once but I really do not remember how much I was allowed to lend as "instant debt" from the bank. Anyway, I went red of 2mln USD, nothing special...

[Sami]

Currently the plane IS still delivered, you'll just go in red then. Which can lead to bankruptcy in some days if it's not fixed.


(and yes, I will also come to haunt during the night, naturally..)

[jamestbailey]

So I could go USD100million into the red on my 60% shortfall on a 747-400... how long would the game give me to get back into the black, assuming that I am making profit week after week... ? Perhaps the fear of a visit from Sami should be enough of a disincentive 

[swiftus27]

So I could go USD100million into the red on my 60% shortfall on a 747-400... how long would the game give me to get back into the black, assuming that I am making profit week after week... ? Perhaps the fear of a visit from Sami should be enough of a disincentive 

why not just get a loan on that plane and pay off your debt?

[jamestbailey]

Doh! Yes of course... thanks

[yyebo]

if you're in big red, not sure if the bank are willing to lend u that much~

[swiftus27]

if you're in big red, not sure if the bank are willing to lend u that much~

They seem to let you if you have the collateral.

[mideg]

In the same notion: Is there a warning when nearing bankruptcy? I am in the reds quit usually, but only a couple hundred thousands up to maybe two millions. But when I leased three planes yesterday, opened routes accourdingly and put those routes in advertisment, I am now deeply in the reds. I will recover - no doubt - since I usually only advertise two to three months for a new route to give it a good start, but I do not want to go bankrupt in the meantime.

ATM, I could take out a loan that would put me back in black, but I rather wouldn't and just sit it out - but only if there is a warning before the bank declares me bankrupt. Otherwise, it's too much of a risk.

[raptorva]

From my understanding, you only go bankrupt if your company value goes into the high negatives, cash has nothing to do with bankruptcy.
If you were to take out a loan, your cash would be in the black but your company value would decrease by the amount of the loan

[mideg]

Interesting, so I might be doomed, or not, let's see. Is there a warning before bankruptcy? I might try to at least switch off the advertisement when I get the warning.

[Sami]

Yes, there are clear warnings of that, with time to correct the situation.

[mideg]

Ok, thanks!

[Tujue]

You have six days time after the first warning to improve your situation. If you're making profit, it doesn't matter if you're in red.

[mideg]

Well, since I just got an email saying exactly that, I can now be happy that I now know! :-)

Wait, darn, I am almost bankrupt! Maybe no reason to be happy at all.

[jamestbailey]

Why is it when I order 2 aircraft a few minutes (real time) apart, one on a 3 year lease and one on a 4 year lease, that the second one gets a production slot 3 months later than the first, and there are plenty of green production slots in between. I cant seem to change the delivery date....