PPRuNe Forums - View Single Post - Airlines PNG orders 6 x ATR72-600's
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Old 21st Feb 2015, 15:46
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Justa Dash
 
Join Date: Feb 2008
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How will they fund ATRs

Mystified by this!
Business hasnt made a material profit since it went public or no doubt for many years prior to floating. The cash injection from MRDC etc isn't enough to fund the ATR programme.
They sold and leased back half the 100s suspect this was debt clearing ; no doubt at a premium. If they planned to sell the rest to fund the programme that's been compromised with the number available on the market at sub $3.3M.
It's a tuff gig, they may have to put BA being the highest salary in the company on the casual payroll to enable them to fund the programme!
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