4 ms·

So 250 times the debt? Sounds like a deal :/

• ams6110 9y ago
  Bank loan to outfit airplanes with seatback video -- easy "no" for the bank, it's dependent on the airline's ability to repay, with little recourse if the can't. Boeing financing sale or lease of 12 new aircraft? Easy yes -- the aircraft is an asset generating revenue for them, and can be repossessed if Virgin doesn't make the payments. Same reason that a person who can't get a $5,000 unsecured personal loan at a bank can often finance a $50,000 new car.
  • micahbright 9y ago
    >Same reason that a person who can't get a $5,000 unsecured personal loan at a bank can often finance a $50,000 new car. So borrowing money and living outside of your means is now a success story?
    • emerongi 9y ago
      How did you arrive at that??
      • micahbright 9y ago
        If you can't follow a thread, don't comment.
  • pbhjpbhj 9y ago
    Surely then as a canny banker you offer to give them the money for the entertainments system secured against whatever assets they have, like the aircraft (if there are no liens or whatever on them). Indeed isn't that classic banking, if you know they're likely to default on the loan you offer it anyway but with security against anything they've got that you want transferring all the risk as a means for asset acquisition? >a person who can't get a $5,000 unsecured personal loan at a bank // Of course but they can have any loan they like secured against their house or [expensive] car up to half it's outstanding sale value ... though I think they are now being regulated on this sort of thing, which was the root of the whole sub-prime deal-e-o I think.