Possible improvement for Corporate Finance
Since I launched subsidiary operation last month, I have to move the cash from first company to the others everyday. The media I used were some islanders, when business got bigger i bought a CRK(33M$).
As we know, present Loan System is work like this, once your Flight Equipment(FE) under your Assets sheet is over 10M, you can have appx. one third of the amount of FE out. For example, a brand new airlines with a CRK(33M$), you can immediately get 11M cash out. And of course, you have to pay back and the interest rat is damn high.
Now, if you have one a/c at least values over 10M, you can let’s say create 2-3 subsidiaries for different hubs or markets. What can be happening is and really risky for your financial rating is, Only One a/c can take out Loan from Each of these subsidiaries. If any of the new player, happened to do so, first please make sure you are able to payback those loans in time. Because the Credit Granted by the bank is 2-3 Times it supposed to be.
There is no way to avoid financial issues like this by now. Let sit tight for As next updates to fix it. A verification step is very necessary to check if the asset and liabilities doesn’t go wrong by 3:1 ratio when transferring the a/c between the subsidiaries.
This is the one suggestion i can think of by now.
I know there is still a lotttt of the complain about the turn around time and new ors system. Hope someone can enlighten the dev. to work out a better way.