WGW2707 From United States of America, joined Aug 2003, 1197 posts, RR: 34
Reply 3, posted (8 years 11 months 1 week 6 days 18 hours ago) and read 1096 times:
I'm guessing Delta will file and Northwest will hold off a bit. I don't see the involuntary pension payment tomorrow posing a serious threat to their liquidity, and I think they'll want to take more time to line up DIP financing. Northwest never was in half of the mess Delta currently is in. That said, an NWA financing pre-October 17th is decidedly within the realm of possibility.
AirRyan From United States of America, joined Mar 2005, 2532 posts, RR: 5
Reply 5, posted (8 years 11 months 1 week 6 days 18 hours ago) and read 1053 times:
All logics seems to say NW will file but gut says no. If there were to file a judge may order the AMFA mechs on strike back to work when it appears that NW has otherwise already appeared to have won that battle.
Quote: Merrill said a Northwest Airlines (nasdaq: NWAC - news - people ) bankruptcy isn't as likely as the other two, but is nonetheless growing in probability and would support a call for the removal of 100 to 200 aircraft from the domestic market due to record high fuel prices.
"We now estimate 60% probability of [a] Northwest Chapter 11 filing prior to Oct. 17," Merrill said.
Quote: As for Northwest, the analysts continued, "a lot of elements for an out-of-court restructuring are in place: the pilots, the mechanics by default, and probably some key lessors, private debt holders, and vendors. What is missing are the flight attendants and pension reform."