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Old 12-04-2013 | 01:30 PM
  #1068  
flyingreasemnky
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Joined: Aug 2006
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Originally Posted by EricJ320
I'm not sure what to think. Articles like this one from April mention $1 billion in debt and lease obligations, but the recent sale articles make no mention of such a large amount. So is the bulk if that debt the lease obligations, or is RAH assuming additional debt and hoping no one notices? Like I said, I have no idea, but the numbers just don't seem to add up from what was reported in April vs. today.
Basically, Frontier doesn't own most of its planes thus has no real assets and only debt. I'm not sure if they even own one of them.
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