Originally Posted by
eaglefly
OK, I'll concede that U swaying the UCC, gaining their support and obtaining control of AA via a BK judge is a "hostile takeover" (as opposed the more common occurance outside of BK), but I still don't know where your getting that AA will exit BK with 25 billion in debt to be assumed by whomever. That would be twice what the others have now, years after they exited BK. That would be a pretty bad faliure of a Chapter 11 trip, don't you think ?
Ok, I see where you are coming from, right now AA has around that much debt, in the future probably less. What I was saying is that if LCC was to make a move right now they would have to absorb that debt.