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Old 03-25-2016 | 11:01 AM
  #666  
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From: Broke
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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.
172 million and 500 million in liabilities. It doesn't matter how much cash you have on hand if you can't pay the bills.
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