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NWA - How Close To BK Exit?  
User currently offlineDeltaDAWG From United States of America, joined May 2006, 781 posts, RR: 1
Posted (8 years 1 month 1 week 2 days 8 hours ago) and read 3232 times:

After seeing where NWA placed yet another a/c order with Embraer for the 36 E-jets (and the 787's last year) it made me wonder when they may be exiting from bankruptcy in light of this?

Also, for kicks, how does an airline in BK manage to finance billions of dollars for new a/c? Higher interest rates, leases, etc.?

Also, since NW was able to finance/order new aircraft how long will it be before DL starts placing orders with Boeing for the 787/777 and with Embraer for the E-jets (90 & 95's - least that is my thinking)? I believe they are planning on exiting sometime between spring and summer '07?

Thanks


GO Dawgs, Sic' em, woof woof woof
8 replies: All unread, jump to last
 
User currently offlineBobnwa From United States of America, joined Dec 2000, 6515 posts, RR: 9
Reply 1, posted (8 years 1 month 1 week 2 days 8 hours ago) and read 3229 times:

Northwest has said they plan to be out of bankruptcy by summer 2007.

User currently offlineJetjack74 From United States of America, joined Jul 2003, 7418 posts, RR: 50
Reply 2, posted (8 years 1 month 1 week 2 days 8 hours ago) and read 3221 times:
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Quoting Bobnwa (Reply 1):
Northwest has said they plan to be out of bankruptcy by summer 2007.

April 19th is what was communicated to us by our union.



Made from jets!
User currently offlineAlexPorter From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 1 month 1 week 2 days 8 hours ago) and read 3204 times:

I hope they can stick to it if that's the case, unlike some airlines (cough cough United cough cough). Best wishes to NW in the future!

User currently offlineJano From Slovakia, joined Jan 2004, 827 posts, RR: 4
Reply 4, posted (8 years 1 month 1 week 2 days 8 hours ago) and read 3162 times:

Quoting DeltaDAWG (Thread starter):
After seeing where NWA placed yet another a/c order with Embraer for the 36 E-jets (and the 787's last year) it made me wonder when they may be exiting from bankruptcy in light of this?

NW placed B788 order in May 2005. They entered Ch11 in Sep 2005. So CRJ / E Jet order was the only order they placed while in Ch11 so far. And even that was for Compass.



The Widget Air Line :)
User currently offlineCentrair From Japan, joined Jan 2005, 3598 posts, RR: 20
Reply 5, posted (8 years 1 month 1 week 1 day 23 hours ago) and read 3005 times:

Even though Northwest Airlines is in BK is the whole NWA (formerly Wings Holdings....remember that name?) in BK?


Yes...I am not a KIX fan. Let's Japanese Aviation!
User currently offlineATLAaron From United States of America, joined Apr 2006, 1023 posts, RR: 3
Reply 6, posted (8 years 1 month 1 week 1 day 23 hours ago) and read 3000 times:

Well the reason they can keep buying planes with attractive terms is because there are only so many airlines and competition between the aircraft manufacturers is stiff. If Boeing won't give you good terms, Airbus will and so on.

User currently offlineDL Widget Head From United States of America, joined Apr 2000, 2100 posts, RR: 5
Reply 7, posted (8 years 1 month 1 week 1 day 21 hours ago) and read 2947 times:

Quoting Jetjack74 (Reply 2):
Quoting Bobnwa (Reply 1):
Northwest has said they plan to be out of bankruptcy by summer 2007.

April 19th is what was communicated to us by our union.

I think it's highly unlikely that the union would have exact information like this considering bankruptcy exit dates are notoriously hard to predict. What Bobnwa said is much more accurate. Incidentally, that's the same time frame we've been given at DL for bankruptcy exit. We went in together and we may come out together.


User currently offlineF9Animal From United States of America, joined Dec 2004, 5113 posts, RR: 28
Reply 8, posted (8 years 1 month 1 week 1 day 12 hours ago) and read 2794 times:

Quoting Bobnwa (Reply 1):
Northwest has said they plan to be out of bankruptcy by summer 2007.

Really. I heard Tilton might be giving some insider tips to NWA. If that is the case, I would expect NW to exit in the fall of 2019.



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