It doesn't matter if the finance came from an Icelandic Bank or the Clangers, it's not Eastern's problem.
Just as it wouldn't be if your High Street Bank went under with you owing them money - the debt just gets sold on to whoever takes them over or buys the assets.
Another Sir Dickie admitted this morning that Virgin Airlines had most of their liquid day to day operating cash tied up with HBOS, a sum of over £20m, and that when they tried to move it they found the safe door at HBOS firmly closed.
The bearded one freely admitted that had they not been able to rely on getting cash quickly transferred from his own and "other resources" (I assume within the group), they would have probably had to temporarily cease operating a number of profitable services or even shut down all together.