Did Delta just buy Republic?
03-25-2016, 06:25 AM
#21
Gets Weekends Off
Joined APC: Aug 2014
Posts: 845
Again, I will say it hear. Delta is not on the creditor board. I highly doubt they will be able to just come sweeping in buying out YX without UA or AA and all the others having a say in it.
Also just because they may be providing financing, does that mean YX will have to take it (all)?
Also just because they may be providing financing, does that mean YX will have to take it (all)?
03-25-2016, 06:31 AM
#23
Banned
Joined APC: Oct 2014
Position: 6 Train - Panhandler
Posts: 2,001
Again, I will say it hear. Delta is not on the creditor board. I highly doubt they will be able to just come sweeping in buying out YX without UA or AA and all the others having a say in it.
Also just because they may be providing financing, does that mean YX will have to take it (all)?
Also just because they may be providing financing, does that mean YX will have to take it (all)?
03-25-2016, 06:53 AM
#26
Gets Weekends Off
Joined APC: Apr 2007
Posts: 867
Again, I will say it hear. Delta is not on the creditor board. I highly doubt they will be able to just come sweeping in buying out YX without UA or AA and all the others having a say in it.
Also just because they may be providing financing, does that mean YX will have to take it (all)?
Also just because they may be providing financing, does that mean YX will have to take it (all)?
I see your point. I'll counter that if UA or AA throw money into YX like DL did, you could have a DIP ToW going three ways in the BK court. Enough with the acronyms now. I believe that UA/AA have more assets in the hands of daddy Dixie. I'm guessing BK NY will not let DA tighten the noose over YX yet. This can drag on for a hot minute.
Kind of ironic...using the YX code...
03-25-2016, 06:59 AM
#27
Gets Weekends Off
Joined APC: Nov 2012
Position: 737 FO
Posts: 880
Lol take back? They would've had to have been 9E's in the first place.
03-25-2016, 07:06 AM
#28
Gets Weekends Off
Joined APC: Dec 2015
Position: Professional Eugoogoolizer at the Derek Zoolander Center For Kids Who Can’t Read Good
Posts: 1,191
I have to agree.. This isn't a sale.. But an agreement with a customer loan to continue service... If republic can not complete obligations to delta, delta will have rights to damages and would be entitled to assets..
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