Posted On: 08/10/2016 6:34:44 AM
Post# of 41413
Re: Carsmax177 #27271
And I don't disagree, that would be the ideal route. I just think they may have to offer more up.
As far as the 747, they still have it but the market value is key here. I'm hoping this could be the silver bullet to buy time. They owe kalitta and owe over 600k on the toxic financing. If the 747 has a high enough value it may pay kalitta and the loan, allowing CP more time to work out a possible investment deal.
My biggest fear is the loan due date, if they get that settled via payment or extension then there may be more here. The financing firm doesn't have a lot of reason to extend, so if they do that could indicate they know something is close.
Next 2 weeks is pivotal either way.
As far as the 747, they still have it but the market value is key here. I'm hoping this could be the silver bullet to buy time. They owe kalitta and owe over 600k on the toxic financing. If the 747 has a high enough value it may pay kalitta and the loan, allowing CP more time to work out a possible investment deal.
My biggest fear is the loan due date, if they get that settled via payment or extension then there may be more here. The financing firm doesn't have a lot of reason to extend, so if they do that could indicate they know something is close.
Next 2 weeks is pivotal either way.
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