Originally Posted by
chrisreedrules
Everyone worried about recalls and here I am curious to know what AA’s cash burn is down to... We’ll know on the 28th. Last I heard it was still close to $30M /day. If true they’ll have until sometime later this year before their creditors push them to Chapter 11.
lmao ya its in the creditors best interest to have AAG declare bankruptcy. What creditors? Airbus and Boring? What are they gonna do with 800 planes. Idk if you’ve looked around but planes aren’t going for much these days. The creditors want AAG to survive so that they have guaranteed income. If AAG goes bankrupt do you think they’ll be dancing and cheering at losing out on money?