Originally Posted by
SSlow
I don't see this as a fair comparison. A leased building can be repurposed for pretty much anything, so the playing field is massive. What used to be a Big Lots where I live is already in the process of being turned into a gym, and this was pretty much done overnight.
If we went ch7 the lessor would have so many busted NEOs just sitting around for the next couple years. What airline would want to mess with that?
Also half of our HQ is the training center, which I doubt many industries outside of the airlines would have much use for that kind of building layout.
The lessors would get an agreement from P&W to mirror ours if they got the planes back. But none of that helps the debt/equity holders. It’s now the lessors plane at that point