PTE announced today that applications for the $3 billion interest free line of credit has been very slow. Only $150 million has so far been approved of which $85 million as been disbursed to two companies, Israir and Continental Airlines Inc. Northwest Airlines is to draw down as soon as the transfer can be effected.
The chairman also announced that a finder's fee of $5 million will be paid to all persons who introduces a successful applicant. This fee will be at the applicant's expense. For example if the applicant is granted a loan of $50 million, he will receive $45 million with $5 million going to the finder. The applicant will be required to repay the full $ 50 million.
The chairman went on to say that a lot of the persons in need of a loan are not regular visitors to forum and therefore are unaware of this facility. This may help in increasing participantion in forum discussion in the future when these person become aware of the usefulness of visiting this site.
$3 Billion Loan Uptake Slow
Started by kenpalm, Sep 29 2006 05:38 PM
#1
Posted 29 September 2006 - 05:38 PM
#2
Posted 29 September 2006 - 05:46 PM
I would take a loan, but I am 422nd in the rankings, your criteria said 300.
EDIT: That may change as I have an a/c coming.
EDIT: That may change as I have an a/c coming.
#3
Posted 29 September 2006 - 05:48 PM
I would take a loan, but I am 422nd in the rankings, your criteria said 300.
EDIT: That may change as I have an a/c coming.
Send me your ID so that I may see your business and how well it is doing, albeit outside the required ranking.
#4
Posted 30 September 2006 - 04:43 PM
I could also use a loan. but I am around 380 in rankings. My I.D. is 13337
#5
Posted 30 September 2006 - 05:45 PM
I could also use a loan. but I am around 380 in rankings. My I.D. is 13337
I will consider you as soon as I see your accounts. I just need to be convinced that you need the funds. PM or send me an in-game mess. of your cash balance.
#6
Posted 30 September 2006 - 05:48 PM
I don't have your id
#7
Posted 30 September 2006 - 09:17 PM
I could also use a loan. but I am around 380 in rankings. My I.D. is 13337
The Loan Committee has looked into your accounts and regertable has turn down your application. They were of the view that the hubbing of 4 gates at Manchester was an expensive proposition. Also the 6% utilisation of the 7 gates at Paris would not be appreciable improved even if you were to receive all the a/c you have on order at the moment. It is suggested that you contact a gate broker [see AE classified] and offload these gates for about 12-15 million.
It is unlikely that you will be able to meet the repayment within the one year period. Thanks for your interest.
#8
Posted 30 September 2006 - 09:49 PM
Oh you mean mean Bank Loan Manager,
#9
Posted 30 September 2006 - 10:45 PM
Oh you mean mean Bank Loan Manager,
I agree and I have to be. If it was otherwise I would be giving some people a soft ride into the cruel world of AE. This would be no fun for anybody. The intent is to unlock good ideas and good management. I am sure that in due course this company will improve and become worthy of assistance.
So far, some $335 million has been disbursed to 6 entities.
#10
Posted 01 October 2006 - 12:27 AM
All right, just prelim, without a recomendation, how would Embre Air do?
#11
Posted 01 October 2006 - 01:05 AM
What's the time limit on the loan?
#12
Posted 01 October 2006 - 04:34 AM
One year from the time of disbursement.What's the time limit on the loan?
#13
Posted 01 October 2006 - 04:53 AM
All right, just prelim, without a recomendation, how would Embre Air do?
Check your in-game. The committee has considered. You do need a recommendation. Ask Travelhouse. He would love to give one on your behalf. Haha. Not sure how if it would work in your favour.
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