loan payment failure at startup

[flyboy842]

Hi,

I just started playing AWS and launched my airline... Ordered some used aircraft.. and before the planes have started flying, I get an sinister note from the bank that my loan has failed. I have a -$1,0021,000 loss and the loan requires $1,040.

Is this suppose to happen?  I thought through reading here that being in the red is OK when starting up. Should I have not ordered too many planes and be in the black?

How much should I have in the bank at all times?

Thanks in Advance

[slither360]

As long as you manage to get out of the negatives pretty soon, missing a loan payment or 2 isn't that big of a deal.

If you have any more questions in general about gameplay, feel free to PM me btw.

[flyboy842]

Thanks Bob.... Love your name... 

[Jona L.]

As long as you manage to get out of the negatives pretty soon, missing a loan payment or 2 isn't that big of a deal.

If you have any more questions in general about gameplay, feel free to PM me btw.

Even paying no loan for a year ain't big of a deal... as long as you don't get no BK-warning

[flyboy842]

Thanks Jona...

[Jona L.]

Thanks Jona...

Sure thing

I saw too late the topic was a bit older, but replied anyways...

for me goes the same as for Bob, you, and everyone else also, can contact me via PM if one of you has a question

[slither360]

Even paying no loan for a year ain't big of a deal... as long as you don't get no BK-warning

Thats debatable

Sure it won't kill your airline but it will kill your credit ratin which means no new loans which would severely inhibit growth and hurt your airline

[Jps]

for me goes the same as for Bob, you, and everyone else also, can contact me via PM if one of you has a question

Even though you may get more suitable answer for your question via pm, I suggest using the forums so everyone else can benefit from your question as well  

[flyboy842]

Well after 1 month of not being able to pay my loan, I am able to pay - and so far I have not been downgraded. As a startup airline (a newbie), I gathered that my CCC rating could not get any lower and it is still CCC rather than D.

Thanks everyone.. Will keep you updated if I cant get a loan when I am in positive financial shape because of bad credit history.

[Jona L.]

Well after 1 month of not being able to pay my loan, I am able to pay - and so far I have not been downgraded. As a startup airline (a newbie), I gathered that my CCC rating could not get any lower and it is still CCC rather than D.

Thanks everyone.. Will keep you updated if I cant get a loan when I am in positive financial shape because of bad credit history.

I had been on a D-rating when I wasn't able to access my airline for 2 weeks couple of years ago, and had millions of unscheduled planes with 3.000.000.000$ in the red. Back then I had a BK warning as well, and only one day after my return the bank closed me...

but as the example shows, it is pretty difficult do get D-rated...

[slither360]

I had a D rating for the last 2 game years in MT4.