Bucking Bar

He means interest rates for airplane purchases are still stratospheric. Can you imagine buying a house at 12% interest? How about a $65,000,000.00 jet?

ILFC was stripped by momma AIG for cash before the first, no second, erh' third, bail out.

All this bail out money has been used to strengthen bank's own balance sheets, fund mergers and pay manager's bonuses. The Banks have not shared the taxpayers' money with the taxpayers, or their employers.

newKnow

IMO, they can't dig a hole deep enough under the jail for some of these "executives" to be put into. Their greed is taking this whole country down. But, I guess that is a discussion for another forum....

New K Now

dragon

Thanks knew I wasn't getting the syapses to correctly put things together.

Agree, what those greedy SOBs have done comes as close to treason - since they're tearing apart the fabric of our economy, as we've seen in a long time. Too bad the trial would be expensive and they'de just be sent to a CC prison.

DeadHead

Not to violate TOS by getting to political but, who we kidding this thread is never getting closed.

As much as I hate these greedy wall street moguls, corrupt executives, scumbag speculators, and dirty hedge fund managers we need to realize that it's our government's failure to enact the proper regulation and oversight which would have prevented these individuals from exploiting the market.

Furthermore, it was the decisions to relax and loosen banking regulations which led us down this path and these scumbag executives just walked down it.
(I will not tell you which side of the aisle we can blame for that, a little research into the last 16 years and you should be able to find it)

Financially, this country has proven to be irresponsible over the past few decades. In my opinion, that irresponsibility ranges from immoral brokers pushing loans onto unaware individuals although way to unsuspecting individuals borrowing more money than they should and everyone in between.

We are quickly approaching a day in which we, as a country, will not be able to buy our way out of trouble and I, for one, am fearful of that day.

Hope I'm wrong certainly, won't be the first time.

(Standing by for infraction)

forgot to bid

It is worrisome. Its like a teenager who thinks they are indestructible and usually they find out the hard way they are not. I just can't figure out how political one should go on a thread dedicated really to when is Delta going to hire. I like politics... tough call. I'll abstain but I think Deadhead summarized well.

By the way, a $65M jet is a nice mid to late 1990s used 763 if memory serves me right. A $230-260M 777, now that has a hefty interest payment.

DeadHead

I for one find it humorously, ironic/hypocritical watching our congress grill American automaker executives for corporate bonuses and flying their corporate jets to Congress looking for a bailout while Congress itself has NEVER missed a pay raise.

It's sickening to me that the ELECTED officials of this country, even under the darkest of economic times, are willing to strap down and take a pay cut while every other American is forced to skimp and save.

How can these ELECTED officials ask Americans to strap down for harsh economic times in the future when they themselves are not willing to do the same?

Last I checked our government was supposed to work for us, Americans, and, in my opinion, our government has NOT be looking out for the best interests of its' people.

Razor

And these last few posts relate to the "Latest and Greatest About Delta" how??? Come on guys. Start a new thread if you feel the need to vent about the current economic situation.

DeadHead

Sorry about the tangent, I just figured it relates to all of us having jobs in the future.
I get a little riled up watching saturday morning news.

Again it's still a tangent, my apologies.

Wasatch Phantom

ACL,

I enjoy your posts greatly, and as a general rule, I don't question your insight, I am thankful for it.

However the MD-90 rumors have been literally floating around for at least two years, and nothing has come to fruition.

There was a rumor we would trade two RJ's for one -90. There was another rumor that DAL maintenance folks looked at the airframes and said they needed too much work. Yet another that some of the airframes literally had zero time on them.

There were also rumors that DAL would pick up some MD's from Iberia: Nope, just a rumor. From Alaska: Nope, another rumor.

I think we've all heard at some point that a small fleet isn't cost effective, and the MD-90 fleet is only 16 aircraft. DAL had a great opportunity during bankruptcy to return them to the lessors.

Personally, I'll believe it when I see the actual aircraft, and not until...

acl65pilot

From what I can tell you. The 90's are very real. The reason they are not on property is simple. First and foremost, with interest rates for these loans, it makes the purchase stupid. Wait a few months and when the rates go back down to where they were four months ago. (They are over 10% now. They were less than 6% three months ago). When you are talking millions that is a lot of money you would be wasting.
Second, with the melt down in the economy, it makes no sense to buy more lift right now. In fact with fuel going down, it may have given the 50 seat RJ's until 2010 before they are aggressively taken out of the market. See even though they generate less money and cost more to operate, we can still keep the ASM down by using them and not a MD-90.(Read charge more for the frequency instead of fare sales to just fill the jet) That is why you see ASA's jets hanging on until 2010. DAL is not going to move on something that could cost a lot of money. The DC-9's are paid for and are only a short term bridge. (3 yrs tops)
90's and other jets are being looked at, but unless someone is willing to drop their interest rates we will not be buying anything. 777's financing has been determined for a long time, so that is not an issue.