Originally Posted by
TheGreatChecko
If the creditors feel that the airline is worth more as a whole than in its parts, then it could be conceivable that they would spin off Lynx or sell it to another airline.
These days, what airline wouldn't kill to have 10 exceptionally cheap to operate Q400's flying for them ASAP, especially if they could be bought complete with a certificate, crews, and support staff at a reduced price.
You do have a point that the carrier could conceivably be spun off. However that would require a buyer, and there is no obvious one out there.
Furthermore, in a Ch. 7 liquidation, the trustee is not going to wait around for the prospect of a sale in a market like this. The reason is that there are ongoing costs to maintaining an aircraft fleet, even if it is not operating. The little equity in newer used aircraft, if any, would probably be liquidated through a quick sale.