Originally Posted by
WhaleWrangler
WOW didn't realize balance sheet was this bad.
https://www.freightwaves.com/news/bain-capital-to-invest-in-atlas-airs-aircraft-leasing-unit
The debt ratio has been higher previously. Aircraft are expensive to acquire....especially 747-8s. It’s not like they need to order more flour, icing, and sprinkles to make more donuts. They claim the aircraft are worth more than the current debt load. I imagine that is subjective and determined by the current/future market.
I’m guessing that going to Bain wasn’t their first choice. However, given AAWW’s recent financial performance I’m sure the capital markets were not very welcoming.