Originally Posted by
tom911
When UA was in chapter 11 before, didn't they have a specific group of banks underwrite their recovery (wasn't the term "debtor in possession" where they had first claim on UA assets as a condition of underwriting)? My worry, and it's spread across several U.S. carriers, is if the banking industry is going to step forward here to underwrite a chapter 11 next time around for any carrier. It may very well be a risk, with the price of oil, that they won't want to touch.
Tom at Olympic Trials in Omaha
i agree, why throw good money after bad. jpm would rather buy a bank at a discount and get a profit down the line.
Originally Posted by
JetAway
giggy-Where was this Q2 info "leaked?" I haven't seen those (awful) numbers reported anywhere.
marketwatch a lot is paper writeoffs but they lost 500m q1 when oil was 100
Last edited by iluv2fly; Jul 5, 2008 at 2:21 pm
Reason: merge