you’re also playing on Tempelhof. Check out my Lebanese subsidiary. It owns more than a billion dollar in planes. That means I can probably borrow 500 million. I could then transfer the money and the planes to my holding and delete the subsidiary.
…
Not really.
You can transfer only as much as your equity.
So with 1billion in airframes (bought for cash) you can transfer these to your holding. True.
Borrowing money will not affect your equity, hence you cannot transfer both all your airframes and (borrowed) money.
Or simply said:
If you found a subsidiary with 10m cash and one transfered airframe with 100m book value, but soon find yourself in depths (equity <100m), then you wont transfer anything prior to bankruptcy.
Anyway, thanks for correcting me... and putting my mind at ease. It would be cheating if you could borrow money, move the money to your holding, and then let the subsidiary go bankrupt.
I did however reset a subsidiary once - prior to pulling all my owned airframes out of it. Luckily just 60m of loss for some mindless clicking... :unsure:
not mindless clicking. With the old system, AS would pay you the book value (new price minus depreciation) of your planes when you deleted a subsidiary. This change was never announced when the new system was introduced.