Originally Posted by
Bill Lumberg
They had to, PNCL would have liquidated because of lack of assets and zero other DIP financing opportunities. And, Delta couldn't get another operator to feed mainline quickly enough. So, you get to be saved, and shrunk probably.
Very true, but it is also true that it would have been much cheaper for Delta to pay the merger costs to keep us out of bankruptcy. Also, our pre-bankruptcy contract had an orderly wind down of the CRJ 200's, which Delta then chose to extend even further. Perhaps this is all wishful thinking on your guys part?