PPRuNe Forums - View Single Post - British Airways slams U.S. bankruptcy laws
Old 25th Sep 2005, 09:11
  #20 (permalink)  
SR71

Mach 3
 
Join Date: Aug 1998
Location: Stratosphere
Posts: 622
Likes: 0
Received 0 Likes on 0 Posts
The Odd One,

I doubt its a unique occurence but I believe MAN airport authorities once impounded a RyanAir a/c for non-payment of fees.

Whilst you may be subsidizing their operation, from a capital investment point of view, who are the big creditors?

As I understand, we know that there is a reluctance from the commercial banking sector these days to fund asset acquisition because the operating economics of large commercial aircraft and the initial outlay they require makes designing a financial instrument that meets everyones objectives difficult.

Whereupon, who is daft enough to want to get involved? The Sage of Omaha doesn't which is good enough for me.

SR71 is offline