Yup but in mexico and uS . Learjet dont go wellya they said laying off 1000 peeps this year or smth ?
heard it real quick on radio
guys...! get ready to be diluted...! These guys openly state they need 3bn of cash on the B/S at end of year so they can operate properly. They are missing cash and I don't think they could raise further debt!
guys...! get ready to be diluted...! These guys openly state they need 3bn of cash on the B/S at end of year so they can operate properly. They are missing cash and I don't think they could raise further debt!
Walter Spracklin - Research Analyst said:I want to start with my question, I guess, on to Pierre Alary, it looks like your CapEx now, you're guiding about $100 million to $400 million more for this year and then higher for the next year versus your prior guidance. You'd always indicated into us that your cash requirements or liquidity requirements at the beginning of each year, you wanted them to be about $3 billion. My question I guess is, is that $3 billion, given where you are in your investment cycle, is $3 billion still the right number to use? And if you are to go toward the higher end or the worse end of your cash flow expectations, are you comfortable that you'll be able to maintain that $3 billion or whatever the new number is, at the beginning of each year over the next couple of years?
Pierre Alary said:Well, the answer is -- the $3 billion, yes, is the right figures. And as you look at the past 2 years, we were above $3 billion -- for the past few years, we were above $2 billion to start the year and we've been going through a significant investment period. So yes, the -- having a $3 billion floor and having access to credit facility of $1.4 billion, that's providing us with $4.8 billion of liquidity, which we feel are adequate given the investment program we have.
Don't worry, they'll get money from the government as usual.