Bankrupt

[murloc787]

Hi

How long/how much do you have to be in the red before the bank takes your airlines assets.

Thanks

[Sigma]

7 Real-Life Days, if I recall correctly.

But any profitable week, even if they're still in the red overall, resets the clock.

So what can often happen is they'll sell a plane, get a tax refund, something happens that gets them a profitable week.  Then it takes 7 more days.  It's not uncommon for someone to go VERY deep into the red before finally succumbing to the bank.

[Sami]

A bit incorrect, since if your cash at hand is let's say -40mil, you cannot get out of the bankruptcy reset by selling a few planes if you still remain in negative. Though if you sell enough planes to bring the cash balance to positive it will reset.

[wapp11]

I guess I have to ask how an airline can be (worth) -2 billion and falling in Jet Age and still be in business?

[Ilyushin]

I guess you're talking about Legion Air...

I guess he took out big loans (decreasing his value) and leasing lots of airplanes, scheduling them but not scheduling maintenance (or he set C/D check to manual) which caused many aircraft to be grounded (see transported pax graph dropping).

Ilyushin

edit: Ah he is your competitor I see. Nice Tu-134A aircraft, sir!

[wapp11]

edit: Ah he is your competitor I see. Nice Tu-134A aircraft, sir!

Yeah he used to be a good competitor but fell apart recently... I love those Tu-134As, nice and cheap and had the launch customer discount, but it is sad to say they are currently being replaced with BA-111s

[Tujue]

Yeah he used to be a good competitor but fell apart recently... I love those Tu-134As, nice and cheap and had the launch customer discount, but it is sad to say they are currently being replaced with BA-111s

How did they operate, apart from the higher fuel burn per plane compared with direct competitor aircraft from western manufacturers?

btw, Ilyushin replaced his Tu-124s with BAC1-11, so you won't be the first to retire a Tupolev jetliner

[Ilyushin]

How did they operate, apart from the higher fuel burn per plane compared with direct competitor aircraft from western manufacturers?

btw, Ilyushin replaced its Tu-124s with BAC1-11, so you won't be the first to retire a Tupolev jetliner

I would like to know that as well!

Hey, I'm demoted to 'it' instead of 'he'?
Yeah, 31 of those Tu-124s on the used aircraft market were mine...
Lovely birds, but gas guzzlers (and I operated them with 42 (?) seats instead of 52).

[Tujue]

Hey, I'm demoted to 'it' instead of 'he'?

(>_<') Corrected

[wapp11]

How did they operate, apart from the higher fuel burn per plane compared with direct competitor aircraft from western manufacturers?

I liked them, seemed like maintenance wasn't too high, and in Jet Age fuel prices aren't too high, so with the way cheeper purchase price assuming lease I think they were less to run.  I'm replacing them with BAC1-11s because new T-134s are no longer available, and I have a large fleet of the 1-11s already.

[wapp11]

I guess you're talking about Legion Air...

THEY WENT BANKRUPT! FINALLY! LOL

[Tujue]

THEY WENT BANKRUPT! FINALLY! LOL

lol, he is back