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Old 5th Aug 2020, 22:47
  #720 (permalink)  
Sunfish
 
Join Date: Aug 2004
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The ASX statement was motherhood - technically it is full of nominative - words that can mean anything in the mind of the reader.

This is not criticism. It is difficult to understand what else you could write in the current situation. There is too much uncertainty.

The thing at the moment is to pull off a creditors meeting and approval of a DOCA. I guess you would want to keep the staff hanging on until then or the business implodes. You need a core of people who know what they are doing to run the airline.

I would imagine creditors like Western Union, who lease engines, would be being sounded out on renegotiating the leases at a very reduced rate, as would the rest of the lessors.
From reading a few lines of the court documents, this is a lawyers feast.
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