Guest Six Sigma Posted January 27, 2012 Share Posted January 27, 2012 http://www.flightglobal.com/news/articles/pinnacle-moves-to-defer-loan-payments-on-q400s-367465/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=DTN+Military+News Link to comment Share on other sites More sharing options...
DEFCON Posted January 27, 2012 Share Posted January 27, 2012 "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? Link to comment Share on other sites More sharing options...
Super 80 Posted January 27, 2012 Share Posted January 27, 2012 EDC needs one of these on their roof. Link to comment Share on other sites More sharing options...
Guest Six Sigma Posted January 27, 2012 Share Posted January 27, 2012 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? Link to comment Share on other sites More sharing options...
Super 80 Posted January 27, 2012 Share Posted January 27, 2012 The conciliatory nature of EDC is widely abused by the US Regionals. Ottawa needs some sharks from GECAS in there. Link to comment Share on other sites More sharing options...
melcrothers Posted January 27, 2012 Share Posted January 27, 2012 What's really evident is the proof once again as to how much Bombardier is subsidized by the federal government! Link to comment Share on other sites More sharing options...
mrlupin Posted January 27, 2012 Share Posted January 27, 2012 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? Link to comment Share on other sites More sharing options...
Thebean Posted January 27, 2012 Share Posted January 27, 2012 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. Link to comment Share on other sites More sharing options...
Super 80 Posted January 27, 2012 Share Posted January 27, 2012 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. Link to comment Share on other sites More sharing options...
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