Airlines are bizarre, Didnt they just acquire 2 737s from Turkey at the end of December or am I mistaken. Why bother in such a financial mess.
No, businesses generally can also be "bizarre" - airlines aren't anything special.
Business owners tend not to see the wood for the trees when they are on a one-way trip to insolvency, and generally think they are clever enough to dig their companies out of the most dire situations, which are usually cash flow related. They carry on raising capital and spending on equipment in the forlorn hope that their latest "cunning plan" will finally dig themselves out of the brown smelly stuff.
They then go bust, leaving a trail of debt and unpaid salaries, only to set up the next day under a different name, but with the same flawed business plans, as though nothing had happened. The airline industry is littered with such examples - as are many other sectors.
What never ceases to surprise me is the way in which the "glamour" of investing in airlines seem often to cloud normally cautious bankers judgment into making really quite risky investments into dead ducks.