Originally Posted by
Flyby1206
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
I have been told specifically through the union that an asset sale in excess of 25% triggers such language.