Milesrich From United States of America, joined Jul 2003, 2057 posts, RR: 5
Reply 2, posted (9 years 10 months 3 weeks 2 days 16 hours ago) and read 2596 times:
Let's hope so. If GE comes up with the package, DL will file Chapter 11 asap, and then they will either sink or swim, and let's hope it's the latter. They should have done this three years ago, instead of hocking all of their assets and burning cash like it was jet fuel.
FlyPNS1 From United States of America, joined Nov 1999, 6901 posts, RR: 23
Reply 4, posted (9 years 10 months 3 weeks 2 days 16 hours ago) and read 2535 times:
Quoting LACA773 (Reply 3): Selling routes to LGW & Tokyo? Isn't this pretty severe to have to give these up?? They make a lot of money on these routes
DL is NOT selling anything. They are using these assets as collateral to get a loan. It's no different than using your car as collateral to get a loan....you still get to drive the car as long as you can make the payments. Of course, if you default on the payments, then they can repo your car.