Originally Posted by
RiddleEagle18
My biggest concern about bravo is this prepackaged chapter 11 is only dealing with a portion of spirits total debt and obligations. NK will still be paying full price for aircraft leases and aircraft debt payments. If the traveling public doesn't buy into the new model quickly why would revenues suddenly be enough to cover operating expenses that haven't changed?
I think it’s about 2 separate issues, but not necessarily exclusive.
The prepackaged chapter 11 was for debt coming due. They don’t not have the money to pay off the billion plus coming due, hence the filing. That was a way to deal with a “tomorrow problem”
Now if the product they produce, Bravo or whatever you want to call it doesn’t resonate and allow profit, then that’s the ball game without a merger. That’s todays problem.
But your correct that while everyone is talking about the Ch11 and the bonds, if they can’t make money on the product they are selling, that’s it.