321s sale and leaseback
05-19-2020, 05:51 AM
#1
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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
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.
05-19-2020, 06:03 AM
#4
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Originally Posted by Humbleavi8t0r
Was always reassuring that Delta buys its assets with cash...
As of Dec 2019 SEC filing we had 96 a321 ceo.
53 owned
12 in finance lease
31 in operating lease
Retiring some number of a320s and dumping leased a321s explains why baby bus has a lot more displacements vs 737.
05-19-2020, 06:07 AM
#5
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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-re...159036?tesla=y
https://www.marketwatch.com/press-re...159036?tesla=y
05-19-2020, 07:40 AM
#6
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Originally Posted by ERflyer
They would be better off raising cash by selling more common stock like Southwest did. Increasing the number of shares of common stock dilutes the value of management’s stock options however. Can’t have that happen.
When we (as an industry) do return to our former glory, any debt we could incur right now can be paid back in a few years. As for the EPS bonus mongers, they'll have to defer their second and third private islands for a little while. Boo hoo.
05-19-2020, 06:55 PM
#7
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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
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
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.
05-19-2020, 06:57 PM
#8
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Originally Posted by forgot to bid
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.
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.
...and the 321NEO requires negotiating for its pay rate. Hopefully all this virus mess doesn’t muck up those talks.
05-19-2020, 07:01 PM
#9
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Originally Posted by Humbleavi8t0r
. Hopefully a quick rebound
The new Ioannidis study reveals the infection fatality ratios (IFRs) of the Coronavirus from 12 seroprevalence studies of greater that 500 individuals per sample found:
7 of 12 studies saw a corrected IFR of 0.06-0.16, similar to seasonal flu
3 of 12 studies saw a modestly higher IFR of 0.25-0.40 – slightly higher than flu
2 of 12 studies saw a modestly lower IFR of 0.02-0.03 – slightly lower than flu
