Perhaps the options can be transferred to another airline smart enough to know their real value
Nope, part of the super pricing deal with Boeing precludes the trading of options or the selling of the purchased aircraft within 4 years (maybe 5??) of delivery. They don't want good customers making profits by selling new aircraft against the OEM.
Perhaps the options can be transferred to another airline smart enough to know their real value
Flew PER-MEL on VA A330 a couple of weeks ago. Plane would have had 50+ South Africans onboard who had transitted of SAA in PER. VA must be very pleased how that deal has worked out!!!
with predictions now being talked about around $1.5 billion loss - at what point does the Group become insolvent? there is now talk about debt facilities, bonds etc etc - a year ago the talk was about sufficient cash reserves in the bank this talk is now all very quiet, has the money now gone??
Insolvency is inability to pay debts as they fall due. There is no indication that QF are in that position though a substantial loss may trigger some debt covenants though it is unlikely a bank/creditor would follow through. QF still has access to cash via undrawn facilities as well as fully owned aircraft that could be sold and leased back. The issue is that following the downgrade to junk status, the borrowings are much more expensive than before.