Here's my situatiion, I just bought a A320, and tomorrow I have to pay the leasing and salaries of the other planes.
I can make more or less than 120,000 AS$ per day and recover that loss.
Can I stay negative cash for how many time until to bankruptcy? I'm at risk? should I do a loan or it's not necessary? since I'll get that money back in 3 days with the passengers renevue.
You have to pay the 400.000 weekend closure tom morning...... if you are not able to pay the saleries then you might or might not get a rescue loan. So make sure by calculating if you have the money tom morning. If in doubt take a small loan ....... after the weekend closure is payed you will not go bankrupt. If you can not pay the leasing rate your aircraft will be returned to the lessor and your security deposit will be transfered to you. The schedule for that airplane will be deleted and all flights cancelled.
wow! thanks for the advice!
I will take a loan so! I don't wanna lose those planes.