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Old 04-25-2012 | 03:27 AM
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Originally Posted by johnso29
This is interesting. Apparently other creditors think DAL providing DIP financing to Pinnacle should not be allowed.

http://dm.epiq11.com/PinnacleAirline...cument/1734794
Thanks for posting this.

It's interesting that the parties objecting to the DIP terms are equity holders, evidently not creditors themselves.

It's also interesting to think about the AMR case. I wonder if the arrangements made between three members of the creditors' committee, and a company not currently auhtorized to offer a competing business plan, are also a way to diadvantage creditors in general, at the expense of creditors in general.

There must be a problem in one of thses two cases, not sure which.