Debt Kills Another Airline: Transaero Bankruptcy
Post# of 41413
Posted On: 10/03/2015 2:57:38 PM
Debt Kills Another Airline: Transaero Bankruptcy Possible/Likely
"Shutdown now possible for Transaero, Russia's No. 2 airline"
http://www.usatoday.com/story/todayinthesky/2.../73225790/
"Transaero has been struggling with debt"
"Transaero had net debt of US $1.63 billion at the end of 2014."
"Transaero is in such financial trouble that it can’t refuel its planes, which is now done by Aeroflot."
http://aircargoworld.com/transaero-takeover-b...s-through/
In contrast, nearing FAA Certification and imminent Operations Launch, Baltia Air Lines has only $1.2M Long Term Debt.
Several possible implications for BLTA
* BLTA almost non-existent ultra low debt defies the airline industry wide heavy debt, allowing BLTA to grow and thrive.
* The elimination of a Russian Air Line decreases competition and opens up BLTA's niche of NY to Trans-Atlantic capitals of Eastern Europe.
"Shutdown now possible for Transaero, Russia's No. 2 airline"
http://www.usatoday.com/story/todayinthesky/2.../73225790/
"Transaero has been struggling with debt"
"Transaero had net debt of US $1.63 billion at the end of 2014."
"Transaero is in such financial trouble that it can’t refuel its planes, which is now done by Aeroflot."
http://aircargoworld.com/transaero-takeover-b...s-through/
In contrast, nearing FAA Certification and imminent Operations Launch, Baltia Air Lines has only $1.2M Long Term Debt.
Several possible implications for BLTA
* BLTA almost non-existent ultra low debt defies the airline industry wide heavy debt, allowing BLTA to grow and thrive.
* The elimination of a Russian Air Line decreases competition and opens up BLTA's niche of NY to Trans-Atlantic capitals of Eastern Europe.
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