Old 02-01-2011, 03:57 PM
  #7  
johnso29
Moderator
 
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Default

Originally Posted by gloopy View Post
The only way a fake virtual airline could get the credit to actually get planes to lease to other airlines to operate would be through the credit chain generated by rock solid long term deals. I really doubt the investment community is so ignorant and stupid that they can be so easily tricked into thinking an airline can operate brand new planes on a lease as magically "debt free". If it is done that way, every single red cent of the debt associated with DL doing it themselves will still be DL debt because DL will still be 100% committed to it for the exact same dollars, years and terms...PLUS a guaranteed profit for the bogus service to begin with. IOW DL will still bear 100% responsibility for the debt plus the additional overhead of the fake shell corporation that offers nothing other than the illusion of accounting trickery that not even the dumbest first year MBA 101 student would fall for. I really don't think the investment community is that ignorant as to fall for such a simplistic and sophomoric trick.
Regional airlines have been operating RJ's purchased by Mainline for years.
johnso29 is offline