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deltadawg
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NWA - How Close To BK Exit?

Tue Oct 17, 2006 5:01 am

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
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bobnwa
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 5:04 am

Northwest has said they plan to be out of bankruptcy by summer 2007.
 
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jetjack74
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 5:06 am

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.
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AlexPorter
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 5:12 am

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!
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Jano
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 5:33 am

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.
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centrair
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 2:06 pm

Even though Northwest Airlines is in BK is the whole NWA (formerly Wings Holdings....remember that name?) in BK?
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atlaaron
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Joined: Mon Apr 24, 2006 11:30 pm

RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 2:14 pm

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.
 
DL WIDGET HEAD
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RE: NWA - How Close To BK Exit?

Tue Oct 17, 2006 4:01 pm

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.
 
F9Animal
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Joined: Thu Dec 16, 2004 7:13 am

RE: NWA - How Close To BK Exit?

Wed Oct 18, 2006 1:39 am

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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