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Pinnacle moves to defer loan payments on Q400s
Started by
Six Sigma
, Jan 27 2012 09:10 AM
8 replies to this topic
#2
DEFCON
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Posted 27 January 2012 - 09:17 AM
"For nearly two months, Pinnacle has tried to unravel its existing cost structure, negotiating concessions with lenders, airline partners and employee groups."
Aren't their employees already at or near the bottom of the airline WACON list?
Aren't their employees already at or near the bottom of the airline WACON list?
#3
Super 80
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Posted 27 January 2012 - 09:31 AM
EDC needs one of these on their roof.
#4
Six Sigma
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Posted 27 January 2012 - 10:47 AM
They have financed Q400's abroad ( original mandate) as well as domestically as you are aware..with stipulations. I wonder if other recipients are in the same dilemma and will seek deferrals as well?
Edited by Six Sigma, 27 January 2012 - 10:48 AM.
#5
Super 80
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Posted 27 January 2012 - 11:49 AM
The conciliatory nature of EDC is widely abused by the US Regionals. Ottawa needs some sharks from GECAS in there.
Edited by Super 80, 27 January 2012 - 11:51 AM.
#6
melcrothers
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Posted 27 January 2012 - 12:27 PM
What's really evident is the proof once again as to how much Bombardier is subsidized by the federal government!
#7
mrlupin
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Posted 27 January 2012 - 01:00 PM
melcrothers, on 27 January 2012 - 12:27 PM, said:
What's really evident is the proof once again as to how much Bombardier is subsidized by the federal government!
So is Boeing, so is Airbus and Embraer is more then likely in the same boat. What is your point?
#8
Thebean
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Posted 27 January 2012 - 01:30 PM
Given demand for these types of airframes, they'll be little further incentive for lessors to provide terms for operators who can't pay the freight.
No matter what the product or commodity, those with the best financial covenants always get the best financial terms.
No matter what the product or commodity, those with the best financial covenants always get the best financial terms.
#9
Super 80
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Posted 27 January 2012 - 01:44 PM
Aircraft export financing is absolutely filthy everywhere, although it gets a little dirtier here because of something known as the "Canada Account" which is simply a slush fund to finance transactions that not even EDC will touch under ordinary circumstances on the direction of cabinet. For instance as Delta was teetering on bankruptcy the Canada Account was used to finance two large regional jet orders for Comair et-al.
If Air Burundi, the worlds smallest national airline, who operates a single Beech 1900C turned up in town and announced they wanted to buy a dozen C-Series aircraft it would be funded.
If Air Burundi, the worlds smallest national airline, who operates a single Beech 1900C turned up in town and announced they wanted to buy a dozen C-Series aircraft it would be funded.
