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clickhappy
Posts: 9042
Joined: Thu Sep 13, 2001 12:10 pm

UAL Owes Boeing Capital Corp. $1.3 Billion

Fri Dec 06, 2002 6:20 am

It looks like they will be repossesing the triple 7's
 
PSU.DTW.SCE
Posts: 6187
Joined: Mon Jan 28, 2002 11:45 am

RE: UAL Owes Boeing Capital Corp. $1.3 Billion

Fri Dec 06, 2002 7:44 am

Got a source or article to read here?
 
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clickhappy
Posts: 9042
Joined: Thu Sep 13, 2001 12:10 pm

RE: UAL Owes Boeing Capital Corp. $1.3 Billion

Fri Dec 06, 2002 7:55 am

nope. You'll just have to trust me on this one  Big grin
 
prebennorholm
Posts: 6447
Joined: Tue Mar 21, 2000 6:25 am

RE: UAL Owes Boeing Capital Corp. $1.3 Billion

Fri Dec 06, 2002 8:06 am

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
 
searpqx
Posts: 4173
Joined: Thu Jun 29, 2000 10:36 am

RE: UAL Owes Boeing Capital Corp. $1.3 Billion

Fri Dec 06, 2002 8:09 am

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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