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Post by stealthmanbob on Jan 7, 2016 19:08:57 GMT 1
Sorting out all the plumbing first, toilets are the main blockage  I don't think RR will be rushing to get engines ready for it yet ! |
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Post by stealthmanbob on Jan 7, 2016 19:15:08 GMT 1
It's 'Winter Sale' with Airbus: get those old stuff out. The price of 1,25 billion USD for 3 ANA A380's mentioned in the Nikkei Asian report last week is highly unlikely. They must get a bargain. The price is about right. ANA would not have got Skymark without Airbuses approval, it would have been Delta instead ! AB had the upper hand in the negotiations as they held the Trump card (the largest creditor) ! |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jan 8, 2016 0:27:23 GMT 1
AB had the upper hand in the negotiations as they held the Trump card (the largest creditor) ! Actually, Airbus was the second largest creditor. The main creditor was a A330 lessor (Intrepid Aviation, if I remember correctly) supporting DL's offer. Airbus however was in a position to decide the outcome of the vote. |
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Post by stealthmanbob on Jan 8, 2016 0:39:09 GMT 1
Ok, in that case AB must have had the support from other creditors as well to get over the line ? I wonder who they were ?
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Post by a380admirer on Jan 8, 2016 8:27:30 GMT 1
In February 2014 Airbus has bought the "Salzburg München Bank".
The name should be changed later.
I found that there is now a Bank with the name "Airbus Group Bank" maybe that is the new name.
With the catch from the "Salzburg München Bank" Airbus has access to the Central-Bank (Zentralbank).
And with the access to the Central-Bank should be have support if a deal is going over the line.
But that is only my speculation.
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s543
in service - 2 years
Posts: 3,959 
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Post by s543 on Jan 8, 2016 9:26:17 GMT 1
In February 2014 Airbus has bought the "Salzburg München Bank". The name should be changed later. I found that there is now a Bank with the name "Airbus Group Bank" maybe that is the new name. With the catch from the "Salzburg München Bank" Airbus has access to the Central-Bank (Zentralbank). And with the access to the Central-Bank should be have support if a deal is going over the line. But that is only my speculation. .....speculation which makes sense  |
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XWB
in service - 11 years
Posts: 16,115
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Post by XWB on Jan 8, 2016 10:31:22 GMT 1
I think they are just driving it around to avoid flat tires.
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Jan 8, 2016 13:00:19 GMT 1
With the catch from the "Salzburg München Bank" Airbus has access to the Central-Bank (Zentralbank). And with the access to the Central-Bank should be have support if a deal is going over the line. But that is only my speculation. It is an old idea for a major exporter to buy or create a bank. The aim usually is to earn some revenue from arranging financial deals. Access to refinancing from a central bank (= the capacity to borrow from the central bank) is the way all banks operate, it has nothing to do with a bailout as long as sound collateral is required by the central bank. If however the central bank turns a blind eye to dubious assets or insolvency risks, then it is a different matter ... |
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Festus
Final Assembly Line stage 1
Posts: 272
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Post by Festus on Jan 8, 2016 23:25:23 GMT 1
In February 2014 Airbus has bought the "Salzburg München Bank". The name should be changed later. I found that there is now a Bank with the name "Airbus Group Bank" maybe that is the new name. With the catch from the "Salzburg München Bank" Airbus has access to the Central-Bank (Zentralbank). And with the access to the Central-Bank should be have support if a deal is going over the line. But that is only my speculation. As a multinational corporation with facilities in differnt countries with different currencies, there is always the need to insure against currency risks. I'm not sure how these hedging works, but instead of paying another bank for this service, it might be a good idea to keep these fees in the own corporation (in the subsidiary company). |
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philidor
in service - 6 years
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Post by philidor on Jan 9, 2016 0:01:56 GMT 1
As a multinational corporation with facilities in differnt countries with different currencies, there is always the need to insure against currency risks. I'm not sure how these hedging works, but instead of paying another bank for this service, it might be a good idea to keep these fees in the own corporation (in the subsidiary company). Rack up some fees by arranging financial deals is indeed a major goal. Offering customers a full in-house service could be another one. If a buyer needs a currency hedge (to protect his business against an unfavorable rate of exchange variation between order and delivery), he has to buy or to borrow in advance the currency he needs (usually the US dollar where aircraft is concerned), or to buy a purchase option. A seller belonging to a group also owning a bank might offer the buyer to arrange the deal, though it is a highly specialised trade which not any bank would engage into. |
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I don't think RR will be rushing to get engines ready for it yet !
