Hello i can not figure the loan things out. i own two of my atr planes worth around 15 mill each. To get a bigger loan i used them for security two real days ago or so. Sience i done that i hasn't been able to take out anymore loans ? why is that, was up on 20 mill in cash this morning but i still couldn't take a new loan ? atm my company value is just minus around 13 mill. Many other airlines are much more in minus and seems to just loan money again and again ?. Many of those has much fewer planes than i have.
https://www.airwaysim.com/game/Info/Others/Airline204/ <--- how did a company with so few planes get so much in minus ?
How comes ?
Most of them are probably using secured loans.
Just two of the ten airlines with biggest minus own one or more of the plane self.
So not that.
That company is just losing money at an incredible rate. It is not really loan amount, but negative cash amount that is the principal liability of the company. It is only a question of time before the bank closes the company.
Quote from: Sunbao on October 15, 2010, 05:54:00 PM
Just two of the ten airlines with biggest minus own one or more of the plane self.
So not that.
The loan availability is among other things, a function of company revenues, probably profits. So the more revenue the company has, the more money the banks is willing to lend.
Well i make around 8 mill and have around 20 every morning i gets up but i cant get a loan. I just cant get those two things to match. Could loan money without problems before i used my planes as security
Also the amount you have already loaned from the bank but not yet paid back completely will affect.
Its just a way to stop bigger airlines to grow so fast, we could call it a loan-cap. In earlier versions the big airlines could take out huge loans and take over markets too fast.
There's some useful points here:
https://www.airwaysim.com/forum/index.php/topic,13649.0.html :)
It does look like flying russian ACs in routes that are not only less competitive but also bankrupting the company.
Quote from: Jps on October 15, 2010, 07:23:56 PM
Also the amount you have already loaned from the bank but not yet paid back completely will affect.
Well but come on my worth is around zero atm i can loan 300 mill with security but not one cent without
Quote from: Sunbao on October 15, 2010, 09:51:06 PM
Well but come on my worth is around zero atm i can loan 300 mill with security but not one cent without
Yeah, I had the same problem. Though, I got a loan when the loan with security was at about 30mil. But anyways, I only got the loan after I started to make +1 million profit/week, had a few millions in cash and just the initial loan.
Quote from: lilius on October 15, 2010, 07:57:15 PM
Its just a way to stop bigger airlines to grow so fast, we could call it a loan-cap. In earlier versions the big airlines could take out huge loans and take over markets too fast.
Well but many else can loan many more so where is the red line in that