Originally Posted by
Deltasierra010
“Shareholders get wiped out, directors fired. New companies setup to buy up the assets for pennies, away you go...“
Most airline have very little tangible assets, everything is leased if you can persuade investors you are credible they will provide the working capital, then you form an alliance (cartel) to reduce competition, wish we all were allowed to do that.
It doesn't really matter who owns the airframe whether its the airline itself or a leasing company, there are still going to be hundreds sitting in the desert that are looking for new owners going very cheap.