Artsyman From United States of America, joined Feb 2001, 4745 posts, RR: 33
Reply 4, posted (11 years 10 months 2 weeks 1 day 8 hours ago) and read 2957 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.
HAL From United States of America, joined Jan 2002, 2583 posts, RR: 53
Reply 7, posted (11 years 10 months 1 week 6 days 16 hours ago) and read 2733 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).
One smooth landing is skill. Two in a row is luck. Three in a row and someone is lying.
Ha763 From United States of America, joined Jan 2003, 3681 posts, RR: 5
Reply 8, posted (11 years 10 months 1 week 6 days 15 hours ago) and read 2706 times:
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.