Originally Posted by
Bwipilot
Will anyone lender actually work with an EETC after United tried to void them in their last bankruptcy? EETCs had a lower interest rate when they were less risky. Since the latest rounds of bankruptcy, I'd guess that assumption is no longer a solid bet--and corporate bonds is all UAL can sell.
Past actions have consequences--something bankruptcy lawyers often forget.
United tried to crack the EETC's in Chapter 11 but they were unsuccessful. Delta has been successful in getting EETC's in the past two years at very favorable interest rates.