The more agony for Darth Parker the better, as that lessens the liklihood of agony for AA passengers of a Parker takeover.
I am all for the maximum agony that can be inflicted on Parker.
It sounds like an extension might actually be a wonderful thing.
Originally Posted by
diver858
The extension is for the BK11 proceedings; the NDAs signed by stakeholders regarding possible M&A options still expire on Feb 15, at least some of the investors are pressuring parties for a decision by that time.
The BK experts can shed more light than me, but I believe that an extension is generally not a good thing; for one, continued improvements in financial performance increase the value of the current stock, increasing the probability that shareholders will have sufficient equity to change the formula of the final setlement.
AMR mgmt has taken the position that any deal would take place post-BK, so unless that position has changed, it only prolongs the agony for Parker.