Cant expect to be an airline of ARIKS size and not have debt,it has to be put in perspective.Huge airline huge debts,small airline small debts,what is crucial is the servicing of the debts,not its size.So as JABAG rightly pointed out lets hope they are servicing this debts,or they end up like Bellview/Afrijet/VK belly up!!
As for Denim,i always felt they are heavily overpriced,i dont see how anyone can turn a profit leasing from Denim.However ARIK cannot be the source of Denims woes.Arik may have been sustaining them!!