AMR Files For Bankruptcy
#23
It's not a pre-packaged BK either (according to CNBC). This doesn't bode well for the creditors I wouldn't think. Sounds like there is none of the DIP financing either that the rest of us had. Anybody got any ideas how this will affect things?
#27
Gets Weekends Off
Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,886
To the folks at AA who make it work... Pilots, FAs, MX., ground personnel... Good luck.
To the empty suit at AA... Shame on all of you!
#28
“But as we have made clear with increasing urgency in recent weeks, we must address our cost structure, including labor costs, to enable us to capitalize on these foundational strengths and secure our future.”…………..
“I'm sure Mr. Arpey received a nice severance package.”………..
Bastards. Don't market and grow and work like it's yours and you built it.
Cut, slash and burn................and oh yeah, leave with your $200 million parachute.
It's cold and flu season
Cough, cough......Ahhhhh chewwwwwwww!!!!
“I'm sure Mr. Arpey received a nice severance package.”………..
Bastards. Don't market and grow and work like it's yours and you built it.
Cut, slash and burn................and oh yeah, leave with your $200 million parachute.
It's cold and flu season
Cough, cough......Ahhhhh chewwwwwwww!!!!
Last edited by tbjav8r; 11-29-2011 at 04:16 AM. Reason: #########
#29
I believe NWA also provided their own DIP...
#30
:-)
Joined APC: Feb 2007
Posts: 7,339
If they couldn't line up DIP financing, perhaps it is due to the lock ups in the credit market. Usually, if a company can't secure DIP financing it is more likely to a disorderly filing. In the case of an airline, I would think it makes liquidation or possibly a sell off much more likely.
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