The argument for debt repayment would centre around the LHR slots, whether v2 paid fair value for v1 assets (ie LHR slots), and whether paying nil or peppercorn establishes any continuity, especially if there has been a historic actively traded market to value the assets. I'm still wondering if v2 petitiong the CAA for v1's LHR slots and the CAA granting v1's slots to v2 increases the legal risk of v2 potentially incurring v1's obligations
Last edited by davidjohnson6; 5th Feb 2023 at 17:35.