Government BAILOUT Spirit
Yesterday | 01:47 PM
#73
On Reserve
Joined: Jul 2025
Posts: 72
Likes: 24
I imagine the creditors (like Citibank or aircraft lessors) who have 100% full value recovery specific secured debt would prefer liquidation.
But the bondholders who probably won't even get full recovery on the DIP, let alone the billions of previous debt secured under looser terms back in 2019? They may be done investing more of their money, not so sure they would turn down $500M of (free to them) government money for another chance at an actual sale or turnaround.
Yesterday | 02:24 PM
#74
On Reserve
Joined: Mar 2024
Posts: 157
Likes: 75
The government stake is proposed as equity, not secured debt.
I imagine the creditors (like Citibank or aircraft lessors) who have 100% full value recovery specific secured debt would prefer liquidation.
But the bondholders who probably won't even get full recovery on the DIP, let alone the billions of previous debt secured under looser terms back in 2019? They may be done investing more of their money, not so sure they would turn down $500M of (free to them) government money for another chance at an actual sale or turnaround.
I imagine the creditors (like Citibank or aircraft lessors) who have 100% full value recovery specific secured debt would prefer liquidation.
But the bondholders who probably won't even get full recovery on the DIP, let alone the billions of previous debt secured under looser terms back in 2019? They may be done investing more of their money, not so sure they would turn down $500M of (free to them) government money for another chance at an actual sale or turnaround.
https://www.nbcnews.com/business/tra...rns-rcna341526
Agreeing to something like that would be incredibly stupid. This is just business for the bond holders. And that is incredible bad business....
Yesterday | 02:27 PM
#75
Line Holder
Joined: Jul 2014
Posts: 871
Likes: 30
FOM updates: ties must be red power ties worn mid crotch, all shoes will be Florsheim brand with lifts, and all PAs must be word salad and end in “thank you for your attention in this matter.”
I hope it goes through. Our government (both parties) will find other ways to waste the money.
I hope it goes through. Our government (both parties) will find other ways to waste the money.
Yesterday | 03:24 PM
#76
On Reserve
Joined: Jan 2025
Posts: 37
Likes: 22
FOM updates: ties must be red power ties worn mid crotch, all shoes will be Florsheim brand with lifts, and all PAs must be word salad and end in “thank you for your attention in this matter.”
I hope it goes through. Our government (both parties) will find other ways to waste the money.
I hope it goes through. Our government (both parties) will find other ways to waste the money.
Yesterday | 04:06 PM
#77
Line Holder
Joined: Feb 2022
Posts: 213
Likes: 19
From: Guppy
My question as a taxpayer,why should we believe the 3rd time is the charm? I have several friends still at the flying School Bus and do not want to see them lose their jobs,but I just can’t help but feel this is prolonging the inevitable. It’s almost like holding on to grandma at the nursing home even though she’s a veggie and we know she has no QOL but we’re too selfish to let go
Yesterday | 04:23 PM
#78
Gets Weekends Off
Joined: Aug 2020
Posts: 2,652
Likes: 105
Yesterday | 04:49 PM
#79
On Reserve
Joined: Mar 2024
Posts: 157
Likes: 75
he has already ****ed up his mid-term chances, gonna be a sitting puppet the last 2 years....
Yesterday | 04:59 PM
#80
Gets Weekends Off
Joined: Aug 2020
Posts: 2,652
Likes: 105
He still views himself as the savior of this country. Regardless of what happens, he’ll take credit. If this bailout deal actually gets Congressional approval and funding he’ll say he saved an airline. If the company liquidates he’ll say that he tried to save the airline that Biden killed but Congress wouldn’t approve his plan. I personally don’t think that either outcome will have any measurable effect on the midterms.
Thread
Thread Starter
Forum
Replies
Last Post
downinthegroove
Regional
2
06-03-2008 05:55 PM
