Originally Posted by
shiznit
Just a WAG on numbers but here's an estimate on why:
DAL cost for a 777 roughly $210 million. (list 230-270 million)
Looking at 10Q: terms are quarterly payments on a 12 year note.
Commercial loans even in good economies are 7-10%.
So: 210mil at 8.5% over 12 years paying quarterly =
Payments of $5,951,716 quarterly
Interest over the life of the note: $107,682,391
x2 airplanes = $215,364,782 INTEREST EXPENSE!
Or in other terms: The cost of yet another 777-200LR.
Dave Ramsey would be proud of Delta for this.
According to the commercials for Ramsey that I hear down here let me change my font and type to reflect his way of talking:
DO NOT CO-SIGN!!!
ACL, I DIDN'T QUOTE YOUR POST AFTER SHIZNITS BUT DIDN'T RA SAY SOMETHING THERE AT THE END ABOUT USING THESE TWO 777S FOR LATER FINANCING? IF SO, IS THAT AS COLLATERAL OR SOME OTHER BROADER FINANCING PROGRAM, LIKE A LEASE BACK?
DO NOT LEASE BACK!!!