View Single Post
Old 06-19-2019 | 05:50 AM
  #222  
sailingfun
Gets Weekends Off
 
Joined: Feb 2008
Posts: 20,884
Likes: 199
Default

Originally Posted by David Puddy
Moxy has 60 firm orders for the A220/CS300 but will do a “sale and leaseback” transaction with a big lessor for the first 9 - this is a standard transaction for providing additional liquidity up front. Here’s the article talking about the leasing transaction:

https://worldairlinenews.com/2019/06...ZeWKYkY5SOnSv4

Regarding Austin, nobody external to the business knows the route structure yet. All we know is that evidently many, many cities in secondary and tertiary markets have reached out to Moxy begging for airline service. There are many non-hub dots with 100,000+ people that could be connected on the map. Should be very interesting to watch and I hope we continue to get more information soon...
I would only call it a standard transaction for a company lacking liquidity.
Reply