Originally Posted by
Boeingpilot738
I wouldn’t have thought they’d get more than zero in a liquidation so the Bain deal could be the best they get. Having said that, of course they’ll fight by whatever means they can for that amount of money.
Hi BP738. Couldn't agree more.
This is not Bains first rodeo. Big business is not my area of expertise however i can't imagine Bain would not know the value of VA in a liquidation scenario which would be bugger all. What assets would there be to sell. Maybe some residual value on some of the used 737's, no real estate that i know of and that's about it.
Correct me if I'm wrong but I suspect Bain will have crunched the numbers on this and given that they still seem very interested in the deal going ahead, will have a sale figure in mind that will be just marginally better than what the creditors will get in a liquidation scenario.
Cheers Hoss58