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Old 01-20-2020 | 10:34 AM
  #83  
desertFlyer2015
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Originally Posted by jamesholzhauer
https://www.cnbc.com/2020/01/20/737-...n-or-more.html

Well this doesn’t sound good for a company that was formerly printing money, returning a ton via dividends, and buying back billions in stock.
Not sure it really changes anything. There’s been plenty of companies that get new loans or access to credit but never draw that money, as the article says it’s a delayed draw loan not like $10b is being dropped in their bank account.

They aren’t getting paid until they deliver the aircraft so having something like 400 airplanes sitting around they haven’t been paid for they are just setting up funds in case they’d like to draw on them as the time to set up that kind of resource is not at the moment you want it. Also, even if they have that cash already available they may prefer to draw it from lending resources than spend every liquid dollar they have.
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