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Thread: Not all airlines use bankruptcy as tool to shed contracts
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Old Jan 30, 2007 | 9:52 am
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Eastbay1K
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Although I'm no expert in knowing the specific finances at the time of the respective BK filings, I seem to recall that UA and AA were in a similar ultimate balance sheet situation (i.e., liquidation analysis) but that AA had a lot more cash, and UA had a lot more fixed assets. I don't see AA as any hero in the analysis, and I'm sure had some of the country's top attorneys doing major pre-bankruptcy planning.
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