Originally Posted by
Lincoln Osiris
Because the bond holders would get way more ROI in a ch11/merger scenario than straight ch7 liquidation.
They absolutely would, but they’ve already tried the CH11 scenario and the merger scenarios were rejected or blocked.
Maybe one more shot at a Hail Mary Merger? Would be great to see but man it’s a lot of risk for any of the contenders… not many airlines have the balance sheet to take over an operation with such a high cash burn, and the ones that do would still have to spend even more on paint, fleet conformity, training, and so much more. All of that takes even more investment and time.