Leasing out an owned plane

I waited until my company had a book value comfortably over 50 million, deleted the flight plans of my 727s, founded a subsidiary, and tried to lease them to my subsidiary.

My current value is: [color=#333333][font=Verdana, Arial, Helvetica, sans-serif][size=2]54,893,313 AS$

my aircraft has no more active flights.[/size][/font][/color]

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[color=#333333][font=Verdana, Arial, Helvetica, sans-serif][size=2]Yet every time I try to put up my owned aircraft for lease I get a [/size][/font][/color][color=#CC0000][font=Verdana, Arial, Helvetica, sans-serif][size=2]

Failed to create leasing contract!

  • You enterprise may not act as a lessor unless your balance total amounts to the minimum value.

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[color=#333333][font=Verdana, Arial, Helvetica, sans-serif][size=2] What am I doing wrong? Any ideas?[/size][/font][/color]

Hi,

is the value of your subsidiary included in the 54 million of your holding’s value ?

Last week Tandem complained that his holding could not invest in an IPO, even though he had a subsidiary that was worth hundreds of millions. Your problem may have a similar cause: the seats you put in your planes count as equity, but an investment in shares does not count. Not even if it is your own subsidiary.

Jan

My subsidiary is only worth 3 mil, so my value without that should still be above the 50 million mark.

allowed to now. Maybe security deposits are the only thing that count?

[color=#333333][font=Verdana, Arial, Helvetica, sans-serif][size=2]530Buildings0 AS$3000Equity0 AS$700Flight equipment4,025,850 AS$3100Shareholders equity56,941,178 AS$1300Investment3,000,000 AS$4250Loan0 AS$2800Bank account36,940 AS$ 2900Security deposit50,900,000 AS$ Loss[color=#EA0000]0 AS$[/color]Profit[color=#008000]1,021,612 AS$[/color]Total57,962,790 AS$[/size][/font][/color]

Hi,

I would guess that both flight equipment and security deposits are counted… I find it strange that you might own 50 million in planes and not be allowed to lease them out if you did not also have 50 million in security deposits… Perhaps someone from the AS-team can enlighten us.

Jan

I know from experience that the over $50 million flag is calculated either sunday or at your week-end.

I had a company that went over $50m mid week but because the calculation wasn’t done until Sunday or week-end, I had to wait.

I’m not sure what is restricting you but something just ran through my mind. Though it is a subsidiary and not another holding isn’t it forbidden to have enterprises of the same player interact for any reason.

Nope, just holdings. As I said above, it works now, and of course my subsidiaries have an interline agreement.

Thanks ! Could well be week-end, when "profit" becomes "equity"…

Jan