Originally Posted by
Andy
You keep throwing around 20+ billion in debt as if the man in the black dress will allow that debt to stay on the books. He won't. You don't understand the bankruptcy process.
A lot of that's collateralized debt which will allow United to hand over the (impaired) assets to extinguish the debt.
Other debt will get converted to equity. Sure, there will be some debt upon emergence from BK, but it will be much less than 20 billion.
if bankruptcy was so amazing we would already be there....every airline would be. The reason we are not ( I suspect) is because Kirby and the rest of the CEOs don’t think CH 11 is an option when we are this ****ed. You still need people to invest in you to emerge from CH 11. And then you come out with clapped out airplanes a shoddy product and no route structure.