Originally Posted by
tsquare
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?
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.