The VP of corporate lending at London Existence received a note that certain of their debtors, Air Atlantic, hadn't sent its first quarter payment and was, therefore, in arrears of their loan. London Existence had borrowed Air Atlantic near to $20 million within the late eighties to purchase two de Havilland Dash-8 aircraft. Also, he'd deferred $4.5 million of future obligations for Air Atlantic. The VP wondered if Air Atlantic's condition would improve because the United States economy ongoing to exhibit indications of strengthening. If he was adamant on payment, he recognized it might start a process resulting in the eventual personal bankruptcy of Air Atlantic.
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