Big777jet
Topic Author
Posts: 2682
Joined: Mon May 01, 2000 10:52 am

Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 7:32 am

I found flight tracker. UAL delivery new A320 today from France stopover in Iceland to Indianapolis. I thought UAL could not afford due near bankruptcy.

Here it is:

Airline United
Flight Number 9161
Departure City (Airport) Reykjavik, Iceland (BIKF)
Departure Time
Arrival City (Airport) Indianapolis, IN (IND)
Arrival Time 10/18/2002 02:49 PM
Remaining Flight Time 00:00
Aircraft Type Airbus A320
Current Altitude 0 feet
Current Groundspeed 0 mph
Flight Status Arrived

Big777jet


 
Guest

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 7:35 am

So UAL can buy new aircraft, but it cant call back layed off employees?

UALrampORD
 
BA
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Joined: Fri May 19, 2000 11:06 am

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 8:01 am

Uhhh...this isn't anything amazing. United has gotten several A320s this past year and 1 or 2 new 777s.

Just because an airline is near bankruptcy it doesn't mean they can't afford new aircraft. It's not like they only have $100 in there pockets. That's now how corporations work.

UALrampORD,

UA ordered these new aircraft before 9/11. They were either fully pre-paid, or they were 1/3 payed, then another 1/3 to have the aircraft painted, then the remaining 1/3 upon delivery.

Regards
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
Pilot1113
Posts: 2276
Joined: Thu Aug 05, 1999 1:42 pm

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 8:02 am

My guess is that this was bought and paid for waaay before the economy began to tank. Airbus is only now delivering it.

- Neil Harrison
 
VC-10
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Joined: Tue Oct 26, 1999 11:34 am

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 8:27 am

If UAL have bought it (it may be owned by a bank) it is an asset and has value to the company
 
United Airline
Posts: 8773
Joined: Wed Jan 10, 2001 5:24 pm

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 2:05 pm

Well, at least United has moved towards getting a new aircraft.
 
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coronado
Posts: 1141
Joined: Sat Jun 26, 1999 9:42 am

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 2:54 pm

Yeah--Anset got a new Airbus the day before they shut down!!! for good.
The Original Coronado: First CV jet flights RG CV 990 July 1965; DL CV 880 July 1965; Spantax CV990 Feb 1973
 
jwenting
Posts: 9973
Joined: Mon Apr 23, 2001 10:12 pm

RE: Whoa! UAL Delivery New A320 Today!

Sat Oct 19, 2002 3:34 pm

Yup.
It's quite easy, actually. Once a contract is signed there is usually a clause stating a penalty for cancelling it.
As you get closer to fullfillment of the contract (i.e. delivery date in this case) the penalty usually increases. At some point, the penalty becomes equal to or greater than the value of the contract (i.e. aircraft) itself.
So it is quite possible that cancelling the order would have cost them more than taking delivery, and now that they have the aircraft they can also use it to replace another aircraft in their fleet that is more expensive to operate thus lowering their operating cost overall which means a cashflow improvement.
I wish I were flying
 
asgeirs
Posts: 508
Joined: Sat May 05, 2001 7:34 am

RE: Whoa! UAL Delivery New A320 Today!

Mon Oct 21, 2002 4:49 am

AARRRGGG!  Nuts

If I had seen this post earlier, I might have gone to KEF along with the camera. Oh, well - you can't get everything.

What is the registration by the way?
Reykjavik Aviation Photography - Just bring the aircraft to us and we'll photograph them! :-)