Posted 16 October 2012 - 04:40 AM
Posted 17 October 2012 - 12:13 AM
Posted 17 October 2012 - 12:21 AM
Posted 17 October 2012 - 07:21 PM
Posted 17 October 2012 - 07:32 PM
Posted 17 October 2012 - 08:34 PM
Posted 18 October 2012 - 05:50 PM
Posted 19 October 2012 - 02:52 AM
The bonds are completely meschugge anyway. I just started an airline. Got my DC7, leased one more, then leased 8 Focker 27's and put them on highly profitable routes. I still had more than 2 million in cash. So I decided that I could lease 2 Boeing 707-320C's. I issued 3 x 5 million to finance the lease and still stay liquid, and suddenly I have a CC rating and can only lease a total of 5 planes. No warning of that anywhere, before it happens. No way to correct this situation. The only thing I could do now, is buy one of the DC7's, to defray the costs at least a little. What are those bonds good for anyway? You can't issue more as you grow. At least not in a useful amount. Later on, I don't need those few millions anymore. So they are useless at the start, and useless later as well. All they do, is hamper the growth of those airlines who don't have enough experience to know to stay away from them. Now I can't do a thing until my credit rating improves again. Wow... absolutely fantastic. It*s like watching gras grow, just not quite as exiting.
Yuxi's been meaning to put up that warning... ( ) But, bonds are entirely useful at the beginning provided you use them correctly. Often, I just pull 2 $5M bonds to get started on ordering a/c and maxing out the hours of the aircraft. Later on, you can start to make your airline nicer once you got some cash in the bank.
It's really me, now. #backtoAE
Posted 20 October 2012 - 01:50 AM
Posted 22 December 2012 - 08:57 AM
Posted 22 December 2012 - 03:12 PM
Thanks for the quick answer. But I beg to disagree. The bond/credit rating system makes no sense, if it limits the number of leases. It does make a difference, if you have 10 An-2's, or 10 707's flying, does it not? If there was an upper limit to the combined value of your leased fleet instead, then everyone would operate under the same premise. The current method disadvantages the operators of smaller aircraft. It's a change that would be easy to implement, and it would be much more realistic. Credit ratings reflect the value of your operation, not the number of things you have leased.
Credit ratings show how stable your company (airline) is. If your airline has a low credit rating, aircraft manufacturers are going to be leery of selling or leasing to you, therefore they choose not to sell (hence the limit on # of leases).
I agree that it would be nice if you could repay bonds Like in the real world, you would save lots of money on interest and have incentives for paying it back. I also had no idea it hurt my credit rating, so I went to cash out two bonds to purchase more planes. Then BAM it hit my credit raiting and I am WAY over (have 18 leased..and with my credit rating can only have 10) and stuck until they get paid back..with plenty of money in the bank to pay them off, just not enough to go out and buy planes outright.
As Yuxi said, this feature will most likely be added in AE4, however it would be a good idea to watch your credit rating as you pull bonds. Generally, expanding too fast and pulling too many bonds will lock you into an uncomfortable situation. Also, there is a warning on the Bond lease page that tells you that the more bonds you pull, the harder it will impact it will have on your credit score.
It's really me, now. #backtoAE
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