I think you will find Deloitte have played the game well and picked the best candidate (deepest pockets). If it is going to work who knows but there seems to be some daydream out there Cyrus were going to keep everyone’s job, give them pay rises, expand the fleet and give everyone a unicorn and leather wallet for Christmas. That ain’t their track record.
As for the bond holders, do you really think people dumb enough to buy junk bonds should be running an airline?