My question is only for informational purposes for those who are looking at JetBlue for employment. It certainly has had a stellar rise & should be applauded for its growth & excellent reputation.
Here goes:
I only learned recently that JB has not begun paying for its airplanes. If this isn't true pls explain (pls keep it simple, remember I'm a pilot). I was told the first payment to Airbus isn't until sometime in '03 or '04. While the current financial situation for JB is superb considering it is in the black (for the year I think) and continues to grow, what are the pundits saying in regards to the upcoming payments? It sounds like the deal JB signed is some sort of balloon payment with a significant bill coming due sometime in the future. It may prove to be a very innovative approach to getting a new airline going....get some money in the bank, keep the customers coming back, put out an initial offering of stock, pay off the big loan with money raised from the stock sale & off you go....pretty simple actually but I'm only speculating.
1. Currently is there is any estimate on how much impact these payments will have on the bottom line for JB in '03, '04?
2. Are there any caveats between JB & Airbus that could delay payments based upon catostrophic events, i.e. 9/11?
3. How much information is coming out formally from the company on this issue & how much is "speculation" on the part of the outsiders, insiders?
The reason I'm asking this question is future financial stability of any company is a consideration for future employment by anyone looking for a job. While I'm obviously slanted toward SWA (being an FO for them), I have kept an open mind when it comes to which airline to work for when talking to others, SWA isn't for everyone, neither is JB or any airline. I've had folks ask me about JB but wasn't aware of this questionmark until just recently.
Getting some answers will help me better inform folks when they ask my opinion on JB & its future. In advance, thanks to any contributors. Happy New Year,
chase
Here goes:
I only learned recently that JB has not begun paying for its airplanes. If this isn't true pls explain (pls keep it simple, remember I'm a pilot). I was told the first payment to Airbus isn't until sometime in '03 or '04. While the current financial situation for JB is superb considering it is in the black (for the year I think) and continues to grow, what are the pundits saying in regards to the upcoming payments? It sounds like the deal JB signed is some sort of balloon payment with a significant bill coming due sometime in the future. It may prove to be a very innovative approach to getting a new airline going....get some money in the bank, keep the customers coming back, put out an initial offering of stock, pay off the big loan with money raised from the stock sale & off you go....pretty simple actually but I'm only speculating.
1. Currently is there is any estimate on how much impact these payments will have on the bottom line for JB in '03, '04?
2. Are there any caveats between JB & Airbus that could delay payments based upon catostrophic events, i.e. 9/11?
3. How much information is coming out formally from the company on this issue & how much is "speculation" on the part of the outsiders, insiders?
The reason I'm asking this question is future financial stability of any company is a consideration for future employment by anyone looking for a job. While I'm obviously slanted toward SWA (being an FO for them), I have kept an open mind when it comes to which airline to work for when talking to others, SWA isn't for everyone, neither is JB or any airline. I've had folks ask me about JB but wasn't aware of this questionmark until just recently.
Getting some answers will help me better inform folks when they ask my opinion on JB & its future. In advance, thanks to any contributors. Happy New Year,
chase