Originally Posted by
benzoate
During AA’s bankruptcy it was still 10-12% of the domestic market. Comparing that to jetblue is apples-to-oranges given JetBlues almost insignificant market share.
There is a path forward in the form of an asset sale consisting of at least 25%. Being selfish, at least the pilots will continue to maintain employment.
I was referencing AA having “tons of cash” but still filing Ch11. The trajectory at AA was bad and they filed before they burned all their money. I’m hoping JB can do the same instead of leveraging ourselves as much as possible before realizing this is a bad idea.
Also I’m not sure we’d be saved since asset sales don’t trigger any pilots going to the acquirer. See 1.D.2 where it says asset sales aren’t included. We’d need to divest actual aircraft from what I can tell
Notwithstanding the above, aircraft financing transactions, securities transactions involving Company assets, asset sales, swaps, or leases in the ordinary course of business or non-permanent asset transfers shall not constitute a Significant Asset Sale.