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Thread: American Airlines is too big to close down without notice
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Old Jun 27, 2008 | 3:07 am
  #112  
bernardd
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Originally Posted by diaspora04
I would think that AA could obtain a priming DIP loan -- first priority debtor in possession financing -- without much trouble. Pity the shareholders, bondholders and pensioners, though.

That depends on the status of the asset. Most of their assets are, according to the financials, encumbered so they may not be able to give a new lender priority.
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