BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
Embraer Suspends Us Airways Deliveries
- Thread starter BoeingBoy
- Start date
AtlanticBeach
Senior
- Aug 20, 2002
- 341
- 2
May be the most important negotiation of all. If financing for the 170s falls through, other lenders may rapidly respond causing an invol liquidation.
jimntx
Veteran
The nerve of those Brazilians! Stopping delivery just because they want to be assured that they get paid. Maybe we should "liberate" Brazil next. 
EyeInTheSky
Veteran
jimntx said:The nerve of those Brazilians! Stopping delivery just because they want to be assured that they get paid. Maybe we should "liberate" Brazil next.
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jimntx, fwiw, Brazil is a very unstable country. Talk about a two class society. Go to Rio de Janeiro and you'll see massive "favelas" (slums) right next to multi-million dollar homes. One of these days we're going to read about a mass riot where the poor kill a lot of rich people. So, of course, these people want their money. Because they know if US Airways can't pay for the planes somebody else (JetBlue or some other startup) can and will get financing. Plus, I have to be honest, they absolutely hate Bush down there.
jimntx
Veteran
I'm well aware of the conditions in Brazil. Unlike most Americans, I have been on every continent except Antarctica. I was being silly. Didn't you notice the smiley face?
EyeInTheSky
Veteran
LOL Okay Jim!jimntx said:
USAir757
Veteran
If you had something to sell, would you hold it for a company that can't pay their bills, or give it up for someone who is ready to buy???
Bet they love that John Kerry though! They can really relate to his unfortunately poor upbringing and lifestyle.
Bet they love that John Kerry though! They can really relate to his unfortunately poor upbringing and lifestyle.
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
Seriously, who is providing the financing for the EMBs? If it is Embraer, this is very ominous. Doesn’t matter how much help the ATSB provides if private investors are no longer willing to invest anything.
You also have to wonder where EMB is planning to place these planes or are they just going to sit on them until they determine whether it’s worth the risk of delivering them to US.
As for Brazil, the EMB is a very significant program. It is highly unusual for a country to move into airplane manufacturing without first becoming leaders in other industries with heavy manufacturing – which Brazil does not have. This is a huge accomplishment for Brazil and for Latin America.
You also have to wonder where EMB is planning to place these planes or are they just going to sit on them until they determine whether it’s worth the risk of delivering them to US.
As for Brazil, the EMB is a very significant program. It is highly unusual for a country to move into airplane manufacturing without first becoming leaders in other industries with heavy manufacturing – which Brazil does not have. This is a huge accomplishment for Brazil and for Latin America.
jimntx
Veteran
WorldTraveler said:
Maybe they'll just speed up their deliveries to JetBlue. JetBlue has shown interest in expanding into the Caribbean from FLL. The new EMBs would be a good a/c for that service.
AgMedallion
Advanced
- Aug 31, 2002
- 220
- 0
EyeInTheSky said:
On a scale of 1 to 10 (10 being very important to me) the importance of how foreigners feel about either presidential candidate in my determining who to vote for is "zero", because "1" doesn't do justice to how little the foreigners' opinion means to me. If anything, it's a contrary indicator. You think if the Brazilians had a better opinion of Bush, they'd sell the planes (with serious doubts as to payment) anyway? Ridiculous.
OldGuyinPA
Veteran
Gee..maybe CCY was a bit hasty on ridding themselves of those pesky DH-8's
I wish I could put a positive spin on this......
I wish I could put a positive spin on this......
usair_begins_with_u
Veteran
- May 9, 2004
- 623
- 0
There's a shocker... LOL
Don't tell me you didn't see this coming. Near term liquidation is a very real possibility.
