Originally Posted by
oliver2002
The modus operandi is/was similar to PEquity:
With a traditional manufacturing or services company sure. With an airlines - banking on an IPO or profitable buyout is insane!
It's not just step 2. They will stumble hard at every single step. I don't think they have any B777s, just 5 or 6 A330s - whatever they'd get for those. Nobody is going to lend to them tomorrow. IPO/buyout is a fantasy.