They still have a couple of mortgages but yeah the majority are leases. Most of the mortgages are being sold to some dumb named holding company, for which they are attempting to carve out additional DIP funding that way they can mix and match planes and engines and sell piecemeal to the only bidder. But, the leases are assumable and they are trying to get them assumed in BK as opposed to rejected because the terms are negotiable. It may be a way for us to get our hands on them.

It also seems that the engines are completely separate so we may be able to just snag some engines. The lead time on the fix used to be something like 300ish days. If we have a couple openings in the shop we could flip them pretty quick. It doesn't seem like anyone wants to be stuck with them so they might be at a steep discount