These Debts are very substantial and will only grow, given the under reported brewing war between Saudi and it's Allies and Iran.
That would push up oil prices and may cause routes to be cut.
Airlines come and go seems madness to begin so much debt at NCL then buy LBA with terrible debt and some vain hope of building a new taxiway and runway/ terminal extensions.
If Monarch went owing less.
What happens to the airports ( genuine question I'm not up on this stuff ) do they go bankrupt.
In that event is there protection to keep them running or do they shut up shop ?
Didn't a couple of new Spanish airports one ended up a ruin. But both went under before opening .
Only Castelon has a few flights now .
Ryanair being in there.