Originally Posted by
DrSteveBrule
Only .5b unencumbered assets remain, .5b in remaining sell leasebacks inbound, as well as prepayment refunds for delayed orders.
Will not be profitable for at least another year.
Company is shrinking in 2025.
67 AOG 2025 average
PW off wing time over 400 days to repair.
And to make matters worse, Sept 20th 2024 is the deadline to refinance the debt expiring next year. Recapitalizing or restructuring (Ch11) of the company may be required per the 10-Q report.