Heelo everyone! I was wondering how you can transfer funds from your parent to you subsidiary thanks so much!
and on a side note is getting an IPO worth it?
An IPO depends on your strategy. It's widely discussed in the forum, with a lot of pro and cons.
Transferring funds directly is impossible. If holding and sub are not public, you can transfer aircraft by asset management. By rotating an aircraft (transfer, sell back) you can transfer funds.
thats a bummer I have 1mil left can the admins move this funds?
why do you have 1 mil left? ... I don't think support will move 1 mil of funds ... otherwise I know a lot of people who would like to move funds.
Imst
Ill believe that your holding schould be able to support your airlines, this is done in the real world also. Example i buy an airline, i want to modernize it, so i need funds, the holding would support this… So making the exception thatt the main shareholder should be allowed to trnafer funds or aircraft is no cheating in my opinion.
Mike
Imst
Ill believe that your holding schould be able to support your airlines, this is done in the real world also. Example i buy an airline, i want to modernize it, so i need funds, the holding would support this… So making the exception thatt the main shareholder should be allowed to trnafer funds or aircraft is no cheating in my opinion.
Mike
You CAN transfer funds ... by buying/selling aircraft within the holding structure if neither of the companies is listed in the stock exchange.
You CAN transfer funds ... by buying/selling aircraft within the holding structure if neither of the companies is listed in the stock exchange.
This has one downside though - you're basically paying twice the amount you want to transfer. At least until you are able to sell that plane again, which might be a problem an a new server like ellinikon and also depends on the type of the plane.
Let's say I want to transfer 750.000$ to my subsidiary. Atm I do not own any aircraft - all are leased.
I would then have to buy a Britten-Norman BN-2T Turbine-Islander for the price of 750.000$, then transfer it to my subsidiary and spend another 750.000$ to buy it back for the money transfer. At that moment I would have spent 1.5 millions and have an aircraft that I am most likely not able to sell. In addition that plane would generate a 4th maintenance category.
Is there even a way to 'get rid of' an aircraft? Providing that I am willing to just throw my money out of the window and get rid of the 4th category. (I know, it'd take some time until the 15% raised maintenance costs exceeded the 750.000$ that would be lost)
This has one downside though - you're basically paying twice the amount you want to transfer. At least until you are able to sell that plane again, which might be a problem an a new server like ellinikon and also depends on the type of the plane.
You are paying it only one time and the plane is yours.
Let's say I want to transfer 750.000$ to my subsidiary. Atm I do not own any aircraft - all are leased.
I would then have to buy a Britten-Norman BN-2T Turbine-Islander for the price of 750.000$, then transfer it to my subsidiary and spend another 750.000$ to buy it back for the money transfer. At that moment I would have spent 1.5 millions and have an aircraft that I am most likely not able to sell.
You have spent 750,000 and not 1.5 million ... you have spent 750,000 and transferred 750,000
In addition that plane would generate a 4th maintenance category.
you can "park" the plane at your subsidiary. You can also offer it for lease/sale on the market (not just sale only*) so the plane is not counted as your maintenance category
* if you offer it for sale only, after 2 weeks it will be bought by AS trader for 15% of the value, so offering it for sale AND lease should keep it on the market
Is there even a way to 'get rid of' an aircraft? Providing that I am willing to just throw my money out of the window and get rid of the 4th category. (I know, it'd take some time until the 15% raised maintenance costs exceeded the 750.000$ that would be lost)
Just make is simple and no work arounds. If the holding is willing to finnance the sub it should be ok,
This has one downside though - you're basically paying twice the amount you want to transfer. At least until you are able to sell that plane again, which might be a problem an a new server like ellinikon and also depends on the type of the plane.
You are paying it only one time and the plane is yours.
Let's say I want to transfer 750.000$ to my subsidiary. Atm I do not own any aircraft - all are leased.
I would then have to buy a Britten-Norman BN-2T Turbine-Islander for the price of 750.000$, then transfer it to my subsidiary and spend another 750.000$ to buy it back for the money transfer. At that moment I would have spent 1.5 millions and have an aircraft that I am most likely not able to sell.
You have spent 750,000 and not 1.5 million ... you have spent 750,000 and transferred 750,000
In addition that plane would generate a 4th maintenance category.
you can "park" the plane at your subsidiary. You can also offer it for lease/sale on the market (not just sale only*) so the plane is not counted as your maintenance category
* if you offer it for sale only, after 2 weeks it will be bought by AS trader for 15% of the value, so offering it for sale AND lease should keep it on the market
Is there even a way to 'get rid of' an aircraft? Providing that I am willing to just throw my money out of the window and get rid of the 4th category. (I know, it'd take some time until the 15% raised maintenance costs exceeded the 750.000$ that would be lost)
Thanks for the answer!
But unless you use an already owned aircraft or you buy one that you want to use later on, you're still losing money in this process. 85% of the aircraft value if no one is willing to buy it and the AS trader jumps in. And no one is going to buy/lease a Britten-Norman BN-2T Turbine-Islander.. ^^
One additional question though: If I put the aircraft on the market for 100% of it's value as starting price, will the AS trader still buy it at 15% after two weeks? Meaning that if I want to prevent that from happening I'd have to take it off the market before the 2 weeks are over?
I >>THINK<< that if you offer it for SALE & LEASE(not just sale only) it will stay on the market indefinitely.
... and you can use the plane to transfer funds at later time. You can do it all over, as many times as you wish.
Transfer without compensation -> sale -> Transfer without compensation -> sale, etc
There will come time you will buy a 10+ million $ plane to do transfers.... then later on maybe a 50 million $ plane (because if you want to move 500 million AS$ it's a PITA doing it with "just" a million-dollar plane)
From time to time my aircraft graveyard hold about 200m of assets just for transferring assets. It's becoming by far less important later on. I agree that an easier transfer of cash instead of assets in an earlier stage would be nice, but it is within a wider development context, so for now we have to live with it.
Looking at the basic issue, you have to think about the consequences of starting a subsidiary. If you constantly need to transfer money and you are not able to do that by holding some spare aircrafts it's possibly not the best idea to start a subsidiary.
Thanks for the clarification guys!
Fortunately I am not yet dependent on transferring funds to my subsidiary to keep it alive, so it was more like a theoretical question or rather a thought about how I could add on its assets for faster expansion.
I have to admit that I've never understood this limitation. Assuming a fully owned subsidiary, why shouldn't you be able to transfer funds around? You can, anyway, it's just very cumbersome. Why? Why not just add a button in the 'asset transfer' menu that allows to transfer cash without compensation?
Of course, if it’s a programming issue rather than a rules issue, that’s fine, ignore me. 
From time to time my aircraft graveyard hold about 200m of assets just for transferring assets. It's becoming by far less important later on. I agree that an easier transfer of cash instead of assets in an earlier stage would be nice, but it is within a wider development context, so for now we have to live with it.
Looking at the basic issue, you have to think about the consequences of starting a subsidiary. If you constantly need to transfer money and you are not able to do that by holding some spare aircrafts it's possibly not the best idea to start a subsidiary.
Same here.
Whenever there's a new subsidiary projected, I usually hold up to three airframes for asset transfers. Recently this was a 788 (100m package), E95 (30m package) and a DH2 (10m package) - all of these types are part of at least one of my subsidiary's fleet and are being held in their respective fleets - at least the 788 will rejoin the regular fleet once all "projects" run profitable which is the case right now.
I agree that a subsidiary only makes sense if it is self-supporting. Even during an AGEX-low.
i totally agree that a subsidiary should be alive even without support from parent company. but sometimes directly money transfer just makes things easier.
I run a subsidiary only because of maintenance problem. I would like to run all types of aircraft in one company, but it's not realistic ingame. You can't pay for the price. My subsidiary can run on its own, but adding more funds will help it grows faster.
When you have many several planes in your fleet, things become tricky since you need to find the plane in a long list, and sometimes things goes wrong, just like what i did. I would like to transfer 1500000 AS$ to my subsidiary, but i accidentally put my 767 to subsidiary. Believe me, when you do it too many times, you will make this mistake. Everything just miss up, and i also need to put seats on that 767 again. I can stay on the recent way, but it will be much better if the game can warn me that i am transferring a plane with schedule, or just simply add transferring money option.