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UAL Owes Boeing Capital Corp. $1.3 Billion  
User currently offlineClickhappy From United States of America, joined Sep 2001, 9623 posts, RR: 68
Posted (11 years 8 months 3 weeks 2 days 10 hours ago) and read 1138 times:
AIRLINERS.NET CREW
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It looks like they will be repossesing the triple 7's

4 replies: All unread, jump to last
 
User currently offlinePSU.DTW.SCE From United States of America, joined Jan 2002, 7555 posts, RR: 28
Reply 1, posted (11 years 8 months 3 weeks 2 days 9 hours ago) and read 1061 times:

Got a source or article to read here?

User currently offlineClickhappy From United States of America, joined Sep 2001, 9623 posts, RR: 68
Reply 2, posted (11 years 8 months 3 weeks 2 days 9 hours ago) and read 1047 times:
AIRLINERS.NET CREW
PHOTO SCREENER

nope. You'll just have to trust me on this one  Big grin

User currently offlinePrebennorholm From Denmark, joined Mar 2000, 6424 posts, RR: 54
Reply 3, posted (11 years 8 months 3 weeks 2 days 8 hours ago) and read 1030 times:

It is almost certain that UAL has borrowed every cent they possibly can with security in their fleet and other assets. From whom they borrowed, it doesn't matter.

Should UAL fold, then hopefully Boeing has the UAL debts fully secured in the planes thry sold to UAL. If they fold overnight, then there will be a temporary drop in resale prices. But people won't stop flying even if UAL stops, so they will be sold over time as other carriers pick up the present UAL business.



Always keep your number of landings equal to your number of take-offs, Preben Norholm
User currently offlineSearpqx From Netherlands, joined Jun 2000, 4344 posts, RR: 10
Reply 4, posted (11 years 8 months 3 weeks 2 days 8 hours ago) and read 1023 times:

Clickhappy, shame on you for teasing people like that. You're going to ruin our reputation for being friendly and helpfull here in the the great NW  Big grin.

Seriously, Boeing is saying that while they have exposure, it shouldn't impact their earnings. UA has asked to renegotiate the $1.3B in financing, and Boeing did say that since it was mostly 777s, those could be, "redeployed if necessary". Here is the link:
http://biz.yahoo.com/rf/021205/transport_boeing_outlook_3.html

Interesting times

Duane



"The two most common elements in the universe are Hydrogen and stupidity"
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