Originally Posted by
HSCompressor
It certainly dispels the myth of any sort of Indigo "Genius running ULCCs around the world". They are subject to the same market forces, as anyone else. Ultra low prices does not guarantee market success. You have to find the correct niche in any market. Whether or not the landscape has changed for that nich market, here vs anywhere else, is the question.
They just owned a portion of it... Lynx got unlucky with 737s and covid.
They also now owe indigo like 100m because of the insolvency.