The timing of the insolvency is interesting. Usually banks pull the plug on airlines in October at the end of the summer season. The german government has provided a bridging loan (with preferred status apparently) for three months to give time for an orderly winding down and sale of assets more or less by then. Employees pay is also guaranteed for three months although only up to about five thousand 500 euros a month, if I understand the rules correctly. It is a bit of a question mark what the assets are and what they are worth. The slots, routes and employees will be what other airlines are interested in, ideally for free from Ryanair's perspective, as little as they can get away with paying from the viewpoint of LH and perhaps Easyjet.