So I had an airline that was big in the red but then I made some changes, one of which was extending the lease, and started making about 1 million a month. Today I checked in on my airline and it said that the plane had been sized. Since my airline was making a profit why did this happen?
#1
Posted 11 May 2016 - 01:45 AM
#2
Posted 11 May 2016 - 02:58 AM
If your still in the red at the time of the lease payment, you will not have enough to pay for the plane, most likely why it was seized.
#3
Posted 11 May 2016 - 03:02 AM
do you mean seized?
#4
Posted 11 May 2016 - 04:16 AM
What size is it now?
But no, profitability doesn't mean you can afford the lease payments. You need money in the bank for that. The payment comes out of your bank account, not your Daily Operating Profit. If you're in the red, you can't make the payment. Eventually, in time, your profit will hopefully restore your bank balance to a positive figure...as long as you don't lose too many more planes in the mean time.
If worst comes to worst, bankrupt the airline (shut it down) & start again. We've all been there & done that. That's how you learn the game.
#5
Posted 12 May 2016 - 04:19 PM
NB: Lease payments come out on the same day of the month that you signed the lease. You can check that on the leases tab of the financials, or by looking at the individual aircraft.
#6
Posted 13 May 2016 - 12:49 AM
If worst comes to worst, bankrupt the airline (shut it down) & start again. We've all been there & done that. That's how you learn the game.
Thats what i did. Thanks to everyone who replied.
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