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Well 279 is finally heading west, due into BFM (Mobile) mid-day. This is the first time I can recall any new aircraft for US from any manufactuer ever being delivered to be initally worked on by a vendor. It is really a shame whatever is being done at BFM can't be done by US's own MTC folks.

Regards

LGA777
 
It is really a shame whatever is being done at BFM can't be done by US's own MTC folks.
The shame is that the US folks will likely, over the next few months, have to re-do BFMs work at least once. Of course, there is some "job security" in that. <_<
 
If this was a financing problem US would have to file SEC reports to notify investors of a material change in financial position. There must be something else holding up the delivery.

Actually Doug Parker talked extensively about the problems they have finding financing for the A-330's (or any financing for that matter) in the last quarterly conference call, so I think it has already been reported.
 
If this was a financing problem US would have to file SEC reports to notify investors of a material change in financial position. There must be something else holding up the delivery.

Not if they were getting the financing (as previously disclosed) from Airbus.
 
Looks like she's there, as of 1237pm local.
http://flightaware.com/live/flight/USA9244

I've lost track of the comments and rumors, but what - exactly - is being done in Mobile? New seats? 767 seats? A333-300 seats? New paint? Crew rest? anti-missile system?
 
Actually Doug Parker talked extensively about the problems they have finding financing for the A-330's (or any financing for that matter) in the last quarterly conference call, so I think it has already been reported.

If you listened carefully to Doug Parker, he said (at that time) that the two aircraft for TLV service were already financed, and the A330s coming later in the year were a problem (at that time.)

Since then, the company has announced that the other three (?) A330s being delivered later in 2009 have been financed with the help of Airbus.
 
If you listened carefully to Doug Parker, he said (at that time) that the two aircraft for TLV service were already financed, and the A330s coming later in the year were a problem (at that time.)

Since then, the company has announced that the other three (?) A330s being delivered later in 2009 have been financed with the help of Airbus.

Things at LCC must be much worse than i thought if its having this much trouble getting financing for 5 planes...which ultimately end up having to be financed by Airbus itself.
 
Things at LCC must be much worse than i thought if its having this much trouble getting financing for 5 planes...which ultimately end up having to be financed by Airbus itself.


Did you somehow miss the global financial meltdown of the past 9 months? Who can get easy financing for anything, ESPECIALLY int he airline industry that is always operating on razor-thin margins?

And, please, do the math. The difficulty was with 3 airplanes, not 5. The first two had financing well in advance of the financial crisis; now the other 3 are financed as well. I don't know who is financing the first two. MAybe it's Airbus, but maybe not. Doug didn't say.

But go ahead and base your "thoughts" on flawed information, if you like. I'm not saying LCC is in dandy shape, but it's not any worse than most of the other legacy carriers.
 
Did you somehow miss the global financial meltdown of the past 9 months? Who can get easy financing for anything, ESPECIALLY int he airline industry that is always operating on razor-thin margins?

And, please, do the math. The difficulty was with 3 airplanes, not 5. The first two had financing well in advance of the financial crisis; now the other 3 are financed as well. I don't know who is financing the first two. MAybe it's Airbus, but maybe not. Doug didn't say.

But go ahead and base your "thoughts" on flawed information, if you like. I'm not saying LCC is in dandy shape, but it's not any worse than most of the other legacy carriers.
I AGREE with your comments 100% :up:
 
Did you somehow miss the global financial meltdown of the past 9 months? Who can get easy financing for anything, ESPECIALLY int he airline industry that is always operating on razor-thin margins?

And, please, do the math. The difficulty was with 3 airplanes, not 5. The first two had financing well in advance of the financial crisis; now the other 3 are financed as well. I don't know who is financing the first two. MAybe it's Airbus, but maybe not. Doug didn't say.

But go ahead and base your "thoughts" on flawed information, if you like. I'm not saying LCC is in dandy shape, but it's not any worse than most of the other legacy carriers.

Please, let's not try and pretend that LCC is no better or worse off than any other Legacy carrier. LCC is unquestionably, undeniably, without argument, in the worst shape of ALL the majors.

And i quote,

"Some experts determine the health of an airline's liquidity position based on its unrestricted cash in a quarter as a percentage of the revenue it earned over the last year. Warlick said anything less than 20 percent should be cause for concern to airline managers."

"Based on this calculation, US Airways had the weakest first-quarter unrestricted liquidity position at 11.9 percent of its revenue for a year, followed by AMR at 12.2 percent, UAL at 12.7 percent and Continental at 18.1 percent."

http://news.airwise.com/story/view/1241473423.html

Financial crisis or not, LCC is in a serious predicament, which is no secret to Wall St., hence the unwillingness of lenders with regards to LCC's attempting to acquire new aircraft. LCC is very likely to breach liquidity covenants enforced by creditors in 2010, which is why LCC is burning down the barn in an attempt to raise cash. (doubling their outstanding shares)
 
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