Originally Posted by
Sata 4000 RP
I wonder if the business model doesn't have enough potential at this point for say Uncle Warren to swoop into bankruptcy court and buy him a turboprop operation at a heavy discount? I would imagine the leases on the planes would be quite negotiable at this point especially if many need heavy MX.
Buffet doesn't do corporate rescues. He buys going concerns that he feels are undervalued. He's very focused on cash flow generation, which Avantair isn't doing much of.
However, there are definitely others with deep pockets who do specialize in corporate rescues, and there are consultancies that specialize in steering clients through bankruptcies. And others who specialize in corporate disassembly. All of these types usually come in before or concurrent with the Chapter 11 filing. The fact that there haven't been any announcements of the involvement of rescuers or DIP financing implies that potential rescuers and lenders have looked over the books and decided not to get involved.