Originally Posted by
Tpinks
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.
Then why did they file for bankruptcy protection then? Why did American file with billons of dollars in capitol? Because they make a case that if they don't restructure that equity will disappear and they will no longer be competitive. SO it appears that they do need it to reach their goals of this bankruptcy