Swift Air/iAero. What you should know
03-05-2024, 09:22 AM
#357
Gets Weekends Off
Joined APC: May 2018
Position: 737
Posts: 142
Originally Posted by Pumperpilot
Heard the fat lady is on the stage with a date of 15 April if the last suitor, Eastern Air Express, doesnt show up with the bank book.
03-05-2024, 06:19 PM
#358
On Reserve
Joined APC: Feb 2024
Posts: 18
Originally Posted by Pumperpilot
Heard the fat lady is on the stage with a date of 15 April if the last suitor, Eastern Air Express, doesnt show up with the bank book.
03-05-2024, 06:45 PM
#359
On Reserve
Joined APC: Mar 2024
Posts: 21
Originally Posted by AGDP
Source? Hasn't that date shifted to the right bunch of times?
03-06-2024, 04:16 AM
#360
Line Holder
Joined APC: Dec 2021
Posts: 97
Originally Posted by charter69
Don't have any internal sources, but bankruptcy docket has been very telling. They've burned through all of their DIP financing and are now requesting a 2nd increase to get through March. Interim management appears to be shifting focus to liquidation and are discussing D&O tail coverage - in layman's terms, insurance to cover their butts from the impending lawsuits when the company folds.
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