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Old 3rd Sep 2019, 12:34
  #10 (permalink)  
Joe le Taxi
 
Join Date: Jul 2001
Location: chances are, not at home
Posts: 268
Why are y'all blithering on about bags - this is about a potential default or forced debt restructure, which if it fails, looks like collapse of Norwegian (they mention a buyout in the event of default, but a default would lead precipitously to administration). New bonds secured by LGW slots?... But can they do that, because slots cannot be collateralised and traded unless they are owned an operated by an airline?
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