I have +17 mil in my bank account, no loans and many owned planes and still got
Your airline is in poor financial state. If you do not improve the financial result of your airline the bank will close down the company.
Please take the necessary actions as soon as possible to improve the financial condition of your company.
warning. Is my airline going to bankrupt for no reason?
As I remember, this message updates daily. So, wait for some time and it will gone.
go look up the past 20+ threads about this.
It is not a measure of your current cash status. It is a measure of your current cash + your weekly income/loss + loan situation.
His airline is valued at over a Billion dollars and his pax transported is increasing, so ??? And why would "the bank" have any ability to close him down at all if he has no loans? Doesn't make sense.
Quote from: GoGreenCEO on June 06, 2010, 03:21:22 PM
His airline is valued at over a Billion dollars and his pax transported is increasing, so ??? And why would "the bank" have any ability to close him down at all if he has no loans? Doesn't make sense.
With an airline valued at that much, and with so little cash in the bank, he probably dipped into the negative cash at some point for some reason during that week or perhaps the one prior to logging on. Maybe a plane was delivered that yielded negative cashflow and balance at some point. It's no big deal as the warning will go away in short order.
Quote from: Sigma on June 06, 2010, 04:24:37 PM
With an airline valued at that much, and with so little cash in the bank, he probably dipped into the negative cash at some point for some reason during that week or perhaps the one prior to logging on. Maybe a plane was delivered that yielded negative cashflow and balance at some point. It's no big deal as the warning will go away in short order.
I can see this happening but it doesn't explain why "the bank" would have any authority to close him down if he has no loans.
Quote from: GoGreenCEO on June 06, 2010, 11:20:47 PM
I can see this happening but it doesn't explain why "the bank" would have any authority to close him down if he has no loans.
Because negative money
is a loan.
Whether or not you "applied" for it or not, if you ever go into negative balance, you're operating under a line of credit being issued by the bank.
Ahh, OK that makes sense. Thanks for clarifying.