Originally Posted by
FlyFlorida2025
I'm taking it one month at a time, and October was positive in that they didn’t burn cash. They ended up +$20 million and may not have needed to draw from the DIP. Their transformation plan projects losses for the foreseeable future, but preventing cash burn during restructuring is critical. Avoiding a DIP draw (assuming they did) is a good sign. Ultimately, I believe the goal of all this is to uplift enterprise value and sell at a premium. Next up is $3 billion in debt reduction and labor concessions.
Lets hope so albeit if you look back at the dockets on the ww.dm.eqiq11 they have been spending hundreds of thousands a month across multiple law firms for liquidation analysis
here’s one for example, if you look back at previous dockets you’ll see hundreds of thousands have been spent on liquidation talks.
https://document.epiq11.com/document...=SPJ&source=DM