Originally Posted by
Wingtips
we are def. getting spun off, that is why AA kept EGL debt. That way it can be ate in BK court.
Also they can give the planes away, but till a BK court takes it away, they must be EGL pilots for the next 5 years.
The primary reason AMR kept the AE debt was not dumping it in BK, but because they essentially HAD to. To cast Eagle out on it's own with a debt load that would certain to sink it by making it impossible to finance new aircraft and thus be unable to bid for other flying NECESSARY for it's survival, would be grounds for action from the shareholders.