Originally Posted by
Airbus123
So the company was run into the ground, now they buy the assets at pence in the pound, ditch the liabilities and start again.
The liquidator isn't left with much in the way of assets, so it's not clear what Cyrus has bought other than the name and goodwill. Whilst the value of hard assets such as aircraft will decline with Covid, they will hardly be available for "pence in the pound".