Originally Posted by
wallyp34
Was the 500m leveraged against our airplanes ever mentioned anywhere prior to today? Just trying to keep up with the news as it comes out. I can’t say I got a good feeling about her email today.
Yes, this was part of a pre-announced lan several months ago to pay off the $800m April 2026 debt and then raise $500m cash in order to maintain liquidity. I think we need to maintain a certain amount of cash at all times and this helps give us a buffer.