Originally Posted by
Is offline
You obviously don't know how DIP financing works.....
You can guarantee that delta will not give them 75 mil to kee flying for United and AA. If they accept the cash that flying will go away. That is their playbook all the way.
You seem to be forgetting that republic does not need 75 million to keep flying. As of 3/16/2016, republic has 146 million dollars in investment funds that can be liquified over night if need be. In total RJET has a cash balance of ~172 million dollars.
As I posted in the other thread, this is a secured loan with liens placed on a single E170, 12 spare engines as well as a few other assets. It's terms are 5.75% simple interest plus 1% upfront for up to 1 year or upon exiting BK, whichever is sooner.