If TCX was sold who do we think would buy?..TUI,Easy,Jet2??...or an investment group?
As a whole, no-one in the right frame of mind.
As a broken down asset sale, i could see Easyjet taking something on board. Both sometimes sell seats on each others aircraft (but mainly TCX buying U2) and i'm sure they wouldn't say no to taking more potential customers
TCX in worst case scenario would get rid of most of their fleet and just buy seats on other airlines (exception being TUI and Jet2, both won't want to be seen helping the enemy)