ramerinianair
Posts: 1452
Joined: Tue Nov 11, 2003 6:03 am

Paying For B6 Aircraft

Tue Dec 28, 2004 9:14 am

I have seen and read a lot of different views and opinions of the deal. So much so, that I cannot seperate the truth in all of it. Can anybody please let me know what the plan is for B6 to pay for their Airbus' and Embrear aircraft? I would appreciate the fact stated first and then the opion.
Thanks,
SR
W N = my Worst Nightmare!!!!!
 
luv2fly
Posts: 11056
Joined: Tue May 13, 2003 2:57 am

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 9:18 am

Check out there annual report and it will answer all the questions you have and you can see that they are in fact making payments. There is no such thing as a free lunch!

http://investor.jetblue.com/ireye/ir_site.zhtml?ticker=jblu&script=1700
You can cut the irony with a knife
 
PhilSquares
Posts: 3371
Joined: Sun Mar 28, 2004 6:06 pm

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 9:23 am

Since B6 is a public company traded on the OTC, they are required to file periodic (quarterly) reports with the SEC. See this link http://biz.yahoo.com/e/040426/jblu10-q.html. You can see in that filing statement their quarterly expense for lease payments and deposits on future deliveries.
Fly fast, live slow
 
DeltaGuy
Posts: 3965
Joined: Wed Sep 12, 2001 5:25 am

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 9:52 am

I thought it was B8? Or maybe I'm wrong?

DeltaGuy
"The cockpit, what is it?" "It's the little room in the front of the plane where the pilot sits, but that's not importan
 
Cactus739
Posts: 2245
Joined: Mon Jan 19, 2004 6:41 am

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 9:56 am

You're wrong. Its been B6 forever.

 Smile
You can't fix stupid.... - Ron White
 
ramerinianair
Posts: 1452
Joined: Tue Nov 11, 2003 6:03 am

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 11:28 am

Thanks for the links!
The only question I still have is, why are the deductions listed as aircraft RENT??
Are they leasing the a/c or are they paying some sort of Rent, until they can pay?
Thanks Again,
Steve
W N = my Worst Nightmare!!!!!
 
PhilSquares
Posts: 3371
Joined: Sun Mar 28, 2004 6:06 pm

RE: Paying For B6 Aircraft

Tue Dec 28, 2004 11:39 am

The first 8 aircraft were acquired on a short term basis from SALE. Those are definitely leased and short term, right now. However, some of their aircraft are on captial leases, in that they make a payment every month for a set time and then at the end of the lease the aircraft reverts to B6, or they can sell the aircraft and lease it back again or dispose of the asset.
Fly fast, live slow

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