Did Delta just buy Republic?
03-25-2016, 09:52 AM
#51
On Reserve
Joined APC: Aug 2015
Posts: 16
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)?
Between the DIP financing and the unsecured claim Delta is in the drivers seat. If the unsecured creditors committee doesn't fairly represent Delta I'm sure we will see lawsuits. I also wouldn't be surprised to see a motion filed adding Delta to the committee since they are now by far the largest unsecured creditor.
03-25-2016, 11:01 AM
#52
Gets Weekends Off
Thread Starter
Joined APC: Aug 2012
Posts: 294
They aren't on the unsecured creditors committee but part of the DIP financing is allowing a 170 million dollar unsecured pre petition claim. This amounts to about 2/3-3/4 of the entire amount of unsecured claims.
Between the DIP financing and the unsecured claim Delta is in the drivers seat. If the unsecured creditors committee doesn't fairly represent Delta I'm sure we will see lawsuits. I also wouldn't be surprised to see a motion filed adding Delta to the committee since they are now by far the largest unsecured creditor.
Between the DIP financing and the unsecured claim Delta is in the drivers seat. If the unsecured creditors committee doesn't fairly represent Delta I'm sure we will see lawsuits. I also wouldn't be surprised to see a motion filed adding Delta to the committee since they are now by far the largest unsecured creditor.
03-25-2016, 07:53 PM
#53
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
Sent from my SM-G925V using Tapatalk
03-25-2016, 09:06 PM
#56
Banned
Joined APC: Jan 2015
Posts: 571
03-25-2016, 10:05 PM
#57
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
The point is there is now a mechanism and president for breaking apart the list. Personally I don't think it will happen but to say it cannot happen is incorrect also.
03-26-2016, 03:43 AM
#58
Banned
Joined APC: Oct 2014
Position: 6 Train - Panhandler
Posts: 2,001
Okay so how unlikely is this for a theory? Delta pays for Rjet's bankruptcy to park all 50-seaters (Pinnacle move). Pending court approval which won't happen without the rebuttals of UAL and AAG, Delta owns Rjet. So then what? 50-seaters go away making a surplus of 500 pilots if they don't bug out. There would be no furloughs. Delta takes 30 E-jets and leaves Rjet with AAG and UAL E-jets together with a surplus of pilots. Delta flies the 30 E-jets however they have it planned. How about it?
Thread
Thread Starter
Forum
Replies
Last Post
