Originally Posted by
Noisecanceller
Go ahead and name them.
handful of airplanes
300-400M in purpose built real estate
One or two simulators?
So we presume that our new equity holders own the debt on those assets. They have how much invested at this point? Close to $3B? They sell all that stuff and get what? $1.5B and whatever cash? Seems like a money loser if you ask me.
I don’t see $10B in assets.
Halon told me not to over think it apparently Once the company stabilizes and returns to being publicly traded, the debt holders will likely cash out paving the way for a merger with Frontier