DELIVERY

Started by rufians, December 23, 2015, 09:45:26 PM

rufians

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....

DanPavlovic

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

schro

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)

rufians

Thanks, i did the DanPavlovix option but things did not go well..