Originally Posted by
Tpinks
Delta can not just go and buy out republic holdings. They are not on the creditor board, therefore, any debt owed to delta will be dealt with after everyone else's is. Do you honestly think AA/UA is just going to let Delta come in without a fight?
There is a lot of information that is being ignored that is a part of this deal including slot leases and ground handling contracts. That 75 million could be tied with those deals.
There is a lot at play here and this is only from 1/3 of the partner airlines. There is still a lot to be seen.
Debtor in Possession means they are the #1 creditor and the first to be paid back. It also means they get first dibs on any assets. Whether those assets are airplanes, gates, landing slots, or something else, we don't know. We do know Delta thinks whatever it is was worth $75 million in their eyes.