Originally Posted by
AAL24
the smart money disagrees with you.
I read an article that said the 10B that AA is borrowing includes AA opening a company in the Caymans called AAdvantage Loyalty IP Ltd.
Its possible the smart money sees how AA will separate that bonafide assets from the liabilities before filing BK.
If they can split off the loyalty program and funnel the cash flow and assets that direction, then they can easily let the airline fall on its face and pick up the pieces without risking "their stake".