321s sale and leaseback
Generating liquidity. Was always reassuring that Delta buys its assets with cash. Just hope we got a good deal on the sale. After all this CV pandemic is done, we (and other companies) are in serious debt. I know this is a sale, but post recovery our liabilities will be higher increasing our operating expense. After a vaccine is available, might be 3+ years before we are able to return to a post covid balance sheet. Hopefully a quick rebound in the global economy after an antibody vaccine.
https://www.marketwatch.com/press-release/altavair-closes-sale-and-leaseback-of-six-a321-200-aircraft-with-delta-air-lines-2020-05-19-8159036?tesla=y
Last edited by Humbleavi8t0r; 05-19-2020 at 06:02 AM.