Originally Posted by
H46Bubba
JO wanted to dump the 1900's and engines in Raytheons lap. Raytheon objected originally, but I guess they decided to suck it up and take the a/c and engines anyways.
Not much of a choice when BK happens. Bombardier and others will all get served Poop Pie. Anytime you have credit extended in high risk ventures and the market turns you assume the credit risk as well. I.E. risk based management. Everyone was willing just a few short years ago to extend credit to airlines now the market is capped and it will be harder to get out of BK without some major realignment of risk. Good Luck Mesa, best thing that could happen would be for Mesa to be purchased at this time. And for the creditors not to blink.