Originally Posted by
TAFsMatter
Docket 194 (the motion), page 171, agreed final terms 9/29/25...
It sepcifically states second draw funding conditions: AerCap settlement approved by court and funded and Pilot ALPA deal agreement in principle (not fully documented / approved by court), or the filing of an 1113 motion acceptable to the Required DIP
Lenders
Is the wording a little more vague in the final order? Perhaps but it still includes the phrase....with savings in the aggregate consistent with the borrowers projections. Those projections are based on what management shared for the agreed final terms disclosed in the motion docket.
Ah, good find. However that was one of the original DIP agreement entered back on Oct 1st. It changed on Oct 14th and stayed the same on the final DIP agreement entered on Oct 31st to read:
"in the case of each Second Draw Funding Date or, if a Second Draw Funding Date shall not have occurred, the Third Draw Funding Date, the Borrower shall have (i) with respect to nonrepresented employees, finalized the material terms of its plan with respect to compensation and workforce reductions and (ii) with respect to represented employees, (x) reached agreements in principle with
one or more labor unions with respect to the key terms of a collective bargaining agreement or (y) otherwise commenced one or more proceedings under section 1113 of the Bankruptcy Code with respect thereto, with savings in the aggregate consistent with the Borrower’s projections, with all motions in respect thereof being in form and substance satisfactory to the Required DIP Lenders;"
Doc 384 page 130.