Originally Posted by
gonyon
You’re right increased seat pitch was mentioned. That would probably require fewer seats. I think it would take actually offering different seats in addition to the added leg room. We have two hour seats. They are absolutely miserable beyond that amount of time.
This is all smoke and mirrors. The bond holders know then’ll make more money selling the assets piecemeal than all at once via chapter 7 liquidation. So they injected some money to keep the operation going while they figure out how to lose less money.
This injection was to avoid chapt 7 and was a lifeline. Now they actually take control of the company, which is a big deal; they can start selling off everything. Ted's job is to get $3.8m bonus to ride it to the end and keep order here, not create panic
Ted got his parachute ahead of time.