Out of close to $2Billion USD zilizotumika kununua hizo ndege zote, tayari zaidi ya $700m zilishalipwa, Kila mwaka KQ inalipa $200m tangu 2013... unafikiri kampuni za ndege hulipia vipi order za ndege 50 kwa mpigo? Akina KLM,Virgin, Delta wote hutumia mfumo huo kuorder ndege..... Hawatoi cash na kupiga order ya ndege 50 kwa mpigo. Order hizi huchukua miaka mingi kabla kuwa delivered na ukilipia kwa mpigo na hautabaki na pesa za matumizi ya kawaida utakua na shida ya liquidity.. Hapo ndo benki za aina hii huingilia na kuchukua risk yote ya ku order ndege hizi kwa mpigo... uki oder ndege nyingi kwa mpigo unafanyiwa discount.... baadae wakifanya delivery ndo unaanza kuwalipa benki...
KQ ilipokea ndege ishirini 20! kwa mpigo between 2013-2014.... kupitia kwa ufadhili wa Afreximbank dili ya Afrexim bank ilikua ni ya miaka kumi kama ilivyo andikwa hapo na KQ, from 2015-2025 KQ wanafaa wawe wamemaliza kulipa....
Kila mwaka KQ inalipa $200m (sawia na kununun dreamliner mpya at discount kila mwaka! for 10 years) kwa Afrexim bank... Tayari wamelipa over $700m hadi sasa.
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PDPs are payable on the signing of the purchase agreement and on other dates in the run up to the scheduled delivery date of the aircraft in what is typically known as a “hard landing” (increasing) or a “soft landing” (decreasing) payment profile. These payments typically range between 15% to 30% of the total aircraft list/base/gross purchase price – i.e.: the price before discounts, credits, et cetera, which always serve in effect to reduce the aircraft’s list/base/gross price to varying degrees.2 PDPs represent a significant commitment and outlay of cash by the airline or lessor customer,
especially in the case of multiple aircraft orders which, depending on the aircraft type(s) in question, can easily reach into billions of dollars. These payments function to decrease liquidity for months (or years) without increasing revenue, and so PDP financing is often sought to help maintain accounting liquidity.
PDP financing most typically takes the form of a short to medium term secured loan facility, made available by a PDP financier to an aircraft purchaser to finance the payment of PDPs owed by to the OEM under the relevant purchase agreement. The loan disbursements are typically made by the PDP financier directly to the OEM. Repayment terms available in the market may vary, though they typically require that the loan be serviced quarterly, with a balloon or bullet repayment on the aircraft delivery date.
An impediment to a financing of this nature is that there is no aircraft, yet, that can be used as security. Indeed, there is little more than a "paper airplane", insofar as the main security available to a PDP financier is an assignment, by way of security, of the aircraft purchase agreement (which is not the same as, for example, a mortgage over an actual existing aircraft). In light of the foregoing, one can imagine that PDP financing is often viewed as much of corporate credit risk than the traditional modes of financing actual existing aircraft. Therein is the fundamental discomfort and risk for most would-be PDP financiers.
Paper planes: the financing of aircraft pre-delivery payments : Clyde & Co (en)
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