The court will set a schedule for the submission of bids.
Following their submissions the court, company, and creditors will likely have several weeks to review bids.
There is much behind the scenes discussions involving both the know potential suitors like Air Tran, SWA, America West, and so far publicly unknown ones. The judge and creditors at the end of the day will agree to what produces the greatest return and protection to their investments from the debtor.
Dont expect anything final to come out for atleast a month if not more.
From the desert to the sea, to all of Southern California