Few questions. Be grateful for answers.
1. What happens to the stockholders equity ? Is it all lost ? Had they already regarded their investments as gone ?
2. What happens to all the stock and stock options granted to the execs in recent years. Is that all lost for them ? Big loss for them ?
3. What happens to their slots at Heathrow ? This is the UK, outside US bankruptcy laws. If a carrier is bankrupt do the slots go back to the pool ? If not why not ? There will be a different company coming along; who says they just Grandfather the rights ?
ability to continue delivering a world-class travel experience for its customers
That would be those lengthy sectors in the US with no catering provided, I presume. Remind me which "mainstream" world class carriers in other continents would dream of doing this ? And the attitude of the flight attendants, the highest paid and yet the worst attitude flight attendants in the world.