Replies to post #13964 on Tactical Air Defense Services, Inc.(fka TADF)

[Cardinal Grammeter]

RE: 13964, Lease costs concern me too with no income.

What I remember: They borrowed $800k and they will get 10% of the contract income TACair gets which would mean they need $8 million in contracts to get the principle amount back.

What I don't know: What are the details of the SuperT lease? And much, much more. (attempt at humor)

Also, did they get pay for the $800k with stock, or is this a loan that needs payback? I'm sure that is known but I have forgotten.

The Repo Man already went after the Il-78 for unpaid repair bills, unfortunately, just before they were going to fly it to the Middle East.