Originally Posted by
FriendlyPilot
Also whatever happened to that "interested party"? That story disappeared pretty quickly.
The December MOR is a head scratcher as well. Its February. How hard would it be to come up with the financials?
The billing suggested three interested parties.. "Interested" to the point serious billing, and vetting, was done for them. Media reporting suggests Frontier tabled an offer we rejected. Maybe Castlelake was one of the interested parties, though I had been led to believe the vetting was of an airline buyer, not PE.. but, who knows? Seems the identity of at least one, maybe two, airlines has never been said in the media.. who are they? How serious were they? Could they still be engaged enough to eventually table an offer? "Experts" don't seem to know..
As for the MOR, yea, I'm beating my head against a wall too looking for it. I've heard that we are now back to quarterly reports. Either simply because of where we moved along to in the bankruptcy process, or, if we went to monthly reports due to minimum liquidity, and now we no longer have to do monthly reports.. then.. well.. that would imply something improved significantly in our liquidity position?? It'd just.. really help me understand, if I could see what happened..