Merging with an airline

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shearder
Ticket Agent
Posts: 50
Joined: Wed Aug 12, 2009 8:42 am

Merging with an airline

Post by shearder » Mon Jan 11, 2010 8:56 pm

Hi all

I am bust doing a merger. I have sold just about all my planes and now I need to move some cash around. We have setup a 744 for 1 day lease at V$1.8bil and when i try and lease i get "Because of your airline status you can't lease for this price" - any ideas what i can do to get around this?

Thanks in advance.

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flightsimer
Chief Pilot
Posts: 1815
Joined: Tue Oct 09, 2007 3:35 am

Re: Merging with an airline

Post by flightsimer » Mon Jan 11, 2010 9:03 pm

increase the amount of days for the lease to say 180. this brings the cost per day back into limits and it will allow you to lease it
Owner/CEO
North Eastern Airways

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shearder
Ticket Agent
Posts: 50
Joined: Wed Aug 12, 2009 8:42 am

Re: Merging with an airline

Post by shearder » Mon Jan 11, 2010 9:09 pm

Ah ok great thanks :)

shearder
Ticket Agent
Posts: 50
Joined: Wed Aug 12, 2009 8:42 am

Re: Merging with an airline

Post by shearder » Tue Jan 12, 2010 6:25 am

Hey flightsimer

We did that last night even tried adding 3 aircraft for lease over 180 days and I still get a "Because of your airline status you can't lease for this price" message. Is there a way the admins can do this manually? OR an option i can just transfer the money. The airline i am joining has now bought all my planes but I am yet to get money to them. I have V$1.9bil, no planes and the leases are for 180 days. Is 600,000,000 for 180 days too high?

SJDobby
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Re: Merging with an airline

Post by SJDobby » Tue Jan 12, 2010 9:55 am

Hi

$600m does sound rather a lot for an aircraft probably worth $200m. FSA's "leasing screen" would probably suggest $10m per week, totalling $260m for 6 months (180 days), although even that might still not be "competitive".

As a test, I attempted to lease one of our B747s (worth $200m) for $22m per week for 180 days (total $587m) and the message I received was "Lease rate exceeds maximum amount of 2000000 per day", no mention of airline status (we have hundreds of aircraft and over $3bn cash). I would guess that the max lease rate per day is 1% of the aircraft value.

I have no idea of your airline's status (reputation, etc) so don't know why you are getting that message specifically: presumably an admin person can enlighten us as to the criteria that would cause such a message.

Regards
Simon

(UKDirect)
FSA Director, UK Direct Airways
http://www.ukdirectva.co.uk
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flightsimer
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Re: Merging with an airline

Post by flightsimer » Wed Jan 13, 2010 3:34 am

when i have a merging airline come into me, i typically set up leased in the billions so im thinking its more of your airline's status...

if worse comes to worse, just set up multiple small leases
Owner/CEO
North Eastern Airways

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