I know that having airframes seized is a bad sign of the health of an airline, but can any of the financial bods out there tell me how bad this actually is ?
Ignoring the USA (where they just wave a magic wand, recite the spell 'Chapter 11', and all is well again), is leased airframe seizure one of the last things that happens before flying ceases completely, or do airlines sometimes still carry on for an extended period of time after this ?
SkyEurope are up a creek - but do they have a paddle ?