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Old 29th Oct 2017, 14:43
  #53 (permalink)  
pax britanica
 
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Actually Racedo, there is one case of a company going bankrupt-at least US CH 11 style with a large fortune in cash.

That was Worldom back in 1991/2 who made 'inappropriate' accounting entries for some very big ticket items and got busted for it.

Then of course there was the issue that if that was covered up what else might be. So Wcom filed Ch11 so that over time their accounts would be sanitised and believable but they had mega millions in the bank all through the process and all staff and creditors got paid every month like nothing had happened.

Back on track with this thread I could envisage FR going down that kind of route as they are not very 'corporate in their behavior but EZ i would imagine are very well run in that area ', They got a decent deal on new slots and aircraft from the Air Berlin debacle and have the mney on hand to pay for it too.
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