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Boeing Capital Turning Up The Heat On HA  
User currently offlineHA_DC9 From United States of America, joined Jul 1999, 653 posts, RR: 1
Posted (11 years 6 months 5 hours ago) and read 2900 times:

http://the.honoluluadvertiser.com/article/2003/Mar/25/bz/bz01a.html

Maybe Airbus should step in and offer A330's to HA to dump the 767's. LOL

Im sure Airbus would love to have their aircraft enter the US domestic trans-pacific market.

8 replies: All unread, jump to last
 
User currently offlineBrons2 From United States of America, joined Sep 2001, 3013 posts, RR: 4
Reply 1, posted (11 years 6 months 5 hours ago) and read 2882 times:

The A332 would certainly carry more cargo and a few more passengers.


Firings, if well done, are good for employee morale.
User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 2, posted (11 years 6 months 5 hours ago) and read 2851 times:

I am sure airbus would love to give planes to a bankrupt company that cannot pay its bills.

User currently offline777236ER From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 6 months 5 hours ago) and read 2850 times:

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s.

User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 4, posted (11 years 6 months 5 hours ago) and read 2831 times:

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s
*********************************************

I know !!, people seem to think that Boeing are the bad ones for wanting to be paid, and that this is an opening for airbus.


User currently offlineConcordeBoy From , joined Dec 1969, posts, RR:
Reply 5, posted (11 years 6 months 4 hours ago) and read 2802 times:

Well, Airbus doesnt care about getting paid... just about getting their planes in new airlines' liveries. Remember?!  Nuts

User currently offlineBrons2 From United States of America, joined Sep 2001, 3013 posts, RR: 4
Reply 6, posted (11 years 6 months 4 hours ago) and read 2749 times:

Erm, do you actually READ the article? They're in bankruptcy! This isn't an Airbus/Boeing issue, this is the issue of Boeing actually getting paid. There is no way they're getting A330s.

My post was in jest. Sorry if that was not evident.



Firings, if well done, are good for employee morale.
User currently offlineHAL From United States of America, joined Jan 2002, 2561 posts, RR: 53
Reply 7, posted (11 years 5 months 4 weeks 14 hours ago) and read 2607 times:

It's quite simple. We're paying WAY too much for the 767's. Almost 50% more than United for the same plane from the same leasing company. (btw, the upper management person at Hawaiian responsible for signing the leases was canned shortly afterwards).

We're not trying to cheat Boeing. We're just trying to get onto a level playing field. And as for the stock buyback - I know a lot of people are complaining about it, and even though it was a bad idea in hindsight, at the time it was approved by an independent advisor as a good idea. I highly doubt the reason for the buyback was simply to drain assets in order to place ourselves better for bankruptcy (which is the only way Boeing could win in this case).

HAL



One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
User currently offlineHa763 From United States of America, joined Jan 2003, 3659 posts, RR: 5
Reply 8, posted (11 years 5 months 4 weeks 13 hours ago) and read 2580 times:
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A little more info on the stock buyback. All employee groups were getting raises, but the shareholders were not getting any return on their investment. Due to a condition from HA's credit facilities, HA is prohibited from paying any dividends. If the merger went through, the shareholders would have been rewarded through that, but since it didn't go through, the stock buyback was a way to get around the dividend restriction. As stated before, it also was also done to try to prop up the stock price after the merger was cancelled.

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