Originally Posted by
Beckles
I agree with this, even in Chapter 7 one of the remaining majors will pay for the program and take it on to gain the loyalty of those customers. The only assets of value that any of the major legacy carriers have are: 1) Their brand-name; 2) Their loyalty program; and 3) Airport slots at LGA, DCA, and LHR.
You forgot NRT.
And the few owned decent planes have some value, too, but most of those are leased or otherwise encumbered.