Return to 2000: Captain of the Great Powers

Chapter 432 Turning point! iPod!

Xu Cang didn't stay in Canada for a long time, and the International Civil Aviation Organization didn't make it difficult for Xu Cang in the special appraisal of the medical examination.To be precise, the Air Navigation Commission of ICAO has relaxed the requirements for exercising the authority of the captain.

This is exactly what Xu Cang did, because only with the qualification of a single pilot can he go to the test pilot school for the first and second level of test pilot training, after which he can grow into a flight test engineer who leads the flight test work.

Typically, there are not two, but three people in the cockpit of a flight test aircraft.

And it is not the left seat or the right seat that exercises the authority of the captain, but the flight test engineer sitting in the observer seat.He is the person in charge of deciding the flight test project, and is also responsible for supervising the work of the two test pilots sitting in front of him, and providing some help when necessary.

Xu Cang's future target position is this flight test engineer.Although Xu Cang hasn't even hired the captain yet, and he is still a long way from the boss of the flight test engineer, but in view of the delayed progress of the domestically produced large aircraft, Xu Cang feels that he can still catch up.

After successfully solving the matter of the authorized medical examination, Xu Cang followed Qin Xin to the United States.

Previously, the planned trip to the Victorville aircraft cemetery happened to Bombardier, and the itinerary was completely disrupted, so it was time to apply for a temporary route with the FAA again.

However, the good news is that after inspection, there are seven aircraft without any problems, and two aircraft need to replace some parts to meet airworthiness conditions.

Victorville's service is very considerate, and there is a complete supply of aviation materials there. Except for some special aircraft, the rest of the mainstream civil aviation aircraft parts are readily available.It just so happened that Xu Cang also met Xiao Lingyun in the United States. During this period of time, the maintenance staff had to change the aircraft materials, and then there was a test run, plus the time to apply for a temporary route for the second time, which was just right.

After meeting Xiao Lingyun, I will go to Pratt & Whitney again and explain the situation to Pratt & Whitney. The trip to the United States will basically be over, and then I will return to China with the plane that Victor Weier bought. The plan is good.

During the trip to the United States, Pratt & Whitney was more troublesome. After all, Xu Cang signed a flight test agreement with Pratt & Whitney.

Of course, if Pratt & Whitney refused to abolish the agreement, then Xu Cang would grant their wish.Although a certain amount of risk needs to be borne, it is still within an acceptable range.Of course, everything is based on the premise that Xu Cang fully recovers from his injuries.

In the agreement, there are unexpected circumstances that lead to the delay of the test flight, which is not a violation of the terms of the agreement. This clause just applies to Xu Cang's current situation.

Pratt & Whitney began research on variable-speed engines in the 90s, and the variable-speed gearbox must be an important part of it.Since Pratt & Whitney did not conduct relevant research, it must have been handed over to other companies. Perhaps in the end, the gear company that cooperated with Pratt & Whitney completed the research and development of the aero-engine transmission gearbox.

When meeting people from Pratt & Whitney later, you may be able to make a routine.

Xu Cang and Qin Xin did not go directly to Victorville, but flew to New York.This time not only to meet Xiao Lingyun, but also a package of acquisition contracts.The 9 incident hit the U.S. stock market hard, and the U.S. capital market was also quite sluggish. Not to mention that the U.S. stock market had just experienced the burst of the Internet bubble, which itself was a period of weakness.

Xu Cang and the two went to the short-term apartment rented by Xiao Lingyun in New York. As soon as they entered, the room was in a mess. Various documents were scattered on the floor and table. The apartment was not big to begin with, and now there was almost no room to stay. .

Xiao Lingyun may also have realized that his room was too messy, so he pulled the documents and put them away, sorted out a passable path, and then tidied up the sofa randomly to at least make it look less messy.

Xu Cang couldn't laugh or cry as he walked down the "small intestine path" into the center of the living room, and then sat down with Qin Xin.

Seeing that Xiao Lingyun was going to make tea, he smiled and said, "I'm not an outsider, sit down, I'm done talking, I'm going to the hotel to rest, I've been flying a lot lately."

Xiao Lingyun had just brought out the tea set, but he didn't pay much attention to it. Xu Cang said he wouldn't allow it to be brewed, so he really put the tea set back, and casually pulled a small chair to sit opposite Xu Cang.

"You came here non-stop after going to Canada, can your body take it?"

Xu Cang leaned back on the cushion and adjusted his sitting position slightly: "What happened to Bombardier was an accident. I originally thought they could hold on for a little longer. Since you are in Canada, you can come to the United States on the way, otherwise you will have to be alone later. Come for a visit.”

Xu Cang raised his chin: "How is the progress of the acquisition of the seven companies?"

When it came to business, Xiao Lingyun immediately became serious: "On the second day after that incident, there were three companies willing to accept our conditions, including Google."

"Google is an Internet company, and it was greatly affected by the bursting of the Internet bubble in the United States. It is normal for them to be the first to be unable to handle this matter." Xu Cang smiled and said, "Where is Apple?"

"Yesterday, Apple expressed its willingness to accept our conditions." Xiao Lingyun said: "So far, six of the seven are willing to accept the conditions, and the remaining one is unwilling to accept it. What about the remaining one, change it Conditions?"

"The conditions cannot be changed. When the six companies that accept the conditions know that there is a difference in treatment, they will inevitably complain in their hearts. If you don't want to accept it, then withdraw the acquisition. It is acceptable if one company does not win." Xu Cang There is no pressure: "When will the agreement be signed?"

Xiao Lingyun said: "The draft agreement has been drawn up before, and the contents of the several companies are similar. Now we are waiting for each company's reply on the content of the agreement. It is estimated that it will be in the next few days. Otherwise, you can stay here for a few days. Sign everything?"

"Well, yes." Xu Cang nodded: "I happen to be looking for Pratt & Whitney later. You can press the agreement, I still want to return to China as soon as possible. By the way, is the bank willing to lend money?"

"I checked the credit records of those six companies, and there are no bad records. The chances of banks lending are still very high, especially now that the US capital market is in a downturn, and banks are very willing to lend."

A large part of the bank's income depends on loan interest. When the economy is good, the bank is the boss. Not only are there various strict scrutiny, but the loan amount is also very cautious.

But now that the economy is bad, and the capital market's willingness to invest is sluggish and cautious, the attitude of banks will be much lower.In the past, these enterprises were small in scale, and banks were not very keen on lending to small and medium-sized enterprises when the market was good. After all, some of them were big customers with deep pockets and deep pockets, and they looked down on petty profits.

However, now flies are also meat, and it is not bad to eat two bites.

Xu Cang smiled and said: "What do you mean, apply now?"

Xiao Lingyun scratched his messy hair: "No, no, it's not the time yet. The interest rate has been cut before, but I think the effect is still not good. The capital market is still dead, and there may be a second interest rate cut , wait, wait."

"Are you sure about this?" Qin Xin who was beside him asked.

This matter is relatively involved, because a new sum of capital needs to be obtained from here, otherwise the pressure to repay the money previously borrowed from European banks will be greater.In fact, the United States has already lowered the interest rate once. Qin Xin's idea is to wait until the purchase agreement is signed, and then take out the loan, so as to avoid long nights and dreams.

Xiao Lingyun was courageous and could hold his breath, so he had to suppress the interest again.

However, Xu Cang was the most courageous one. He said slowly: "It depends on the situation. I don't think the second interest rate cut may be able to stimulate it. Before that, the impact of the Internet bubble burst was already great. This time it is a superimposed impact. I am afraid that two rate cuts are not enough. We will see the situation after the second rate cut policy comes out, and we may be able to wait until the third rate cut.”

In Xu Cang's memory, after the 9 incident, the US government launched four rounds of interest rate cuts in order to boost the economy.However, it was impossible for Xu Cang to really wait for the fourth interest rate cut, mainly because the time was too long and Xu Cang couldn't wait.

In addition, the fourth round of interest rate cuts is not large, so there is no need to borrow money at the threshold.

Finally, it seems that the interest rate is the lowest after the fourth round of interest rate cuts, but it is not necessarily the best time to borrow money when the interest rate is the lowest.

It's not just Xu Cang who is staring at the interest rate cut alone, some courageous people also have similar ideas, but they can't see the future clearly, and most of them rely on blood and courage.If, after the fourth round of reductions, interest rates are low enough that there is little pressure to borrow and repay, then why not give it a go?
Therefore, as long as the interest rate drops to a low enough level, the risk will also drop a lot, and finally reach a point where it can be tolerated by more and more people.In this way, when more people borrow, the bank will become the active party again, and the review standards will be raised again.

Therefore, the loan after the third round of interest rate cuts is the best.

Interest rates are low enough, but not so low that many people can ignore the uncertainty about the future economy. It is an excellent time.

Of course, it also needs to be analyzed in conjunction with the situation of the U.S. economic market after the second round of interest rate cuts. Anyway, there is no rush. The first round of interest rate cuts has only started not long ago, so it’s okay to wait.

"A third interest rate cut?" Xiao Lingyun blinked his eyes: "So ruthless, do you think there will be a third round of interest rate cuts?"

"I've said it all, this time the Internet bubble burst, and the negative impact on the economy is far more exaggerated than imagined. I even think there will be a fourth round of interest rate cuts."

Qin Xin glanced at Xu Cang: "Then we have to wait until the fourth round of interest rate cut?"

In comparison, Qin Xin was thinking like an ordinary person, while Xiao Lingyun reacted quickly, and hummed: "If there is a fourth round of interest rate cuts, then the timing of borrowing will be more perfect after the third round of interest rate cuts. Of course Well, it depends on what the specific interest rate will be after the third round of interest rate cuts."

Xu Cang nodded approvingly, Xiao Lingyun is indeed in finance, and his sense of smell is much sharper than Qin Xin's in this regard.

"By the way, how much do you think the bank can lend?" Xu Cang asked, "I mean the total amount."

Now Xiao Lingyun stopped asking.

"Among the six companies that are expected to be acquired, except for Apple, these five companies are small companies in the definition of the small business law in the United States. In my experience, the US bank's loan limit for small businesses is 2000 million US dollars .In view of the recent and foreseeable future economic trends, I think it is no problem for those five companies to obtain the loan limit of 2000 million US dollars, after all, such companies themselves are supported by the US Small Business Administration." Xiao Lingyun said : "However, this is a normal situation. I feel that in order to stimulate the economy, not only interest rates will be cut, but taxes will also be cut. In addition, there is a relatively high possibility that special funds will be allocated to support small and medium-sized enterprises."

"In this round of market shocks, large companies have a stable chassis. Although it is uncomfortable, it is not a big problem to survive. Those small-scale companies have poor ability to resist risks, and this is the main target of the disaster. Therefore, according to the previous allocations Allocation experience, once there is a funding plan, more than 2000% of the funds will be used for small and medium-sized enterprises, and the amount will not be small. With this factor, there is a high probability that the upper limit of [-] million US dollars will be exceeded, but the specifics will be reached How much, it’s really hard to say.”

"The last one is Apple." Xiao Lingyun was a little tangled: "Compared to the other companies, Apple's scale is larger, but now it is in a low period, and the bank's positioning of its future prospects will directly affect the upper limit of the loan."

Xu Cang smiled and said, "Then you mean that the bank is not optimistic about the development of Apple?"

"Apple was struggling in the decade of the 90s. Ten years ago, Jobs returned, but I can hardly imagine that one person can save a dying company." Xiao Lingyun said: "The drama of turning the tide is indeed very attractive. But reality is reality, and the bank's forecast for Apple will not be good unless Apple has something to be proud of in the near future."

"If you look at it this way, the total loan size may be capped at [-] million U.S. dollars?" Qin Xin looked at Xu Cang: "Is this far from your expectation?"

Xu Cang smiled and said: "That must be a lot worse. However, this round of policy cycle to stimulate the economy will continue for a while, and we don't only have one chance to get a loan. Lingyun, after the acquisition, you can start to make small loans. Let’s take a large loan. These companies need emergency funds to survive this round of trough. I believe that in my own eyes, these companies will recover faster than other companies. , should be able to obtain more loans, of course, the premise is that there is a third round of interest rate cuts."

"If the recovery performance of these companies is surprising enough, Cangqing Group can provide guarantees for these companies after the group is established. Then, under this premise, the upper limit of loans will be greatly increased."

What Xu Cang meant was to borrow a small sum now for emergency and recovery.

Before the third round of interest rate cuts, if nothing else, the recovery performance of these companies will be much faster than the industry average.Just kidding, these companies are potential stocks carefully selected by Xu Cang with the information advantage of rebirth.

In this round of economic stimulus, interest rate cuts and tax cuts on the one hand will remove the shackles of enterprises and let them go.

As long as you slow down this round, the future will be infinitely bright.

Moreover, after this period of time, the Cangqing Group was established. With the huge high-quality assets in Xu Cang's hands, it was enough to guarantee these subsidiaries. Combined with their strong recovery performance, the upper limit of bank lending will definitely be doubled.

There is another thing that Xu Cang did not say.

Apple's situation is really bad right now, but in a month, everything will change.

Maybe even Apple didn't have high expectations for this, otherwise, they wouldn't have agreed to the acquisition plan a month before the product was launched.

The entire downturn in the 90s will soon be swept away, and the drama of helping the building to collapse is finally about to be staged.

A month later, on October 23rd, Apple will release a new product, and from then on, everything will be clear.

That is - iPod!

(End of this chapter)