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Belfast City Airport-2

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Belfast City Airport-2

Old 14th Oct 2020, 19:37
  #1161 (permalink)  
 
Join Date: Jul 2006
Location: Ballymena
Posts: 1,254
USD100M liabilities. That is a big sum for a small airline in the current economic climate.
True Blue is offline  
Old 15th Oct 2020, 11:36
  #1162 (permalink)  
 
Join Date: Nov 2006
Location: Northern Ireland
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Originally Posted by True Blue View Post
USD100M liabilities. That is a big sum for a small airline in the current economic climate.
Certainly a lot of money, but in airline terms True Blue this isn't big, considering it is less than the price of 2 new airbus 320s.
What matters is for they can finance their operation for the coming months until we can get through this awful period. The challenge is how investable the business is, and that hinges on securing the franchise for the next contract.
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Old 15th Oct 2020, 12:21
  #1163 (permalink)  
 
Join Date: Oct 2003
Location: UK
Posts: 427
However, it is a lot of liability to any prospective buyer if there's the potential for the EI regional flying contract to go elsewhere in 2022.
Hopefully, they'll be able to secure an extension to protect the business in the longer term
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Old 15th Oct 2020, 12:36
  #1164 (permalink)  
 
Join Date: Aug 2008
Location: bishops stortford herts
Posts: 1,518
It IS a lot of money..
Poor example...NO airline even pre-Covid hands over wads of cash to pay for A320`s up front & complete.
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Old 15th Oct 2020, 19:16
  #1165 (permalink)  
 
Join Date: Oct 2018
Location: far far away
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Its a lot of cash to the average Joe Bloggs but I think EIBUD was just trying to put it in perspective. So in this case I don't think it is a poor example - in my opinion.
escaped.atco is offline  
Old 15th Oct 2020, 19:37
  #1166 (permalink)  
 
Join Date: Aug 2008
Location: bishops stortford herts
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Not too sure any perspective would reflect other than USD100M is a VERY large liability.
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Old 15th Oct 2020, 22:33
  #1167 (permalink)  
 
Join Date: Nov 2006
Location: Northern Ireland
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Originally Posted by escaped.atco View Post
Its a lot of cash to the average Joe Bloggs but I think EIBUD was just trying to put it in perspective. So in this case I don't think it is a poor example - in my opinion.
Thank you Escaped. Atco.
Nice when somebody has your back 👌
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