Originally Posted by
Humbleavi8t0r
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
back in March as everything collapsed delta was still trying to find ways to take deliveries of the 321ceos.
evidently deliveries resume in July or August, I can’t remember which. The Neo is still supposed to show in November. We shall see. But as PJ you get more bang for your buck on the NBs.