UpNDownGuy
Well-known member
- Joined
- Aug 13, 2003
- Posts
- 241
Let me 'splain you Lucy...
I should have been more accurate in my previous post. What I was referring to was the likelihood of ATA ceasing operations, and not the facts of our bond obligations. As I said earlier, there is no way these bond obligations cause the shutdown of ATA. What will happen is either re-negotiation, or a Chapter 11 filing, and THEN re-negotiation. It's irritating that this writer just takes that 'ol ball and runs with it...right into wild speculation that will not do anything but hurt ATA. I also agree with NJCapt...the bond holders, Boeing and ILFC have more to lose than ATA in this deal.
I should have been more accurate in my previous post. What I was referring to was the likelihood of ATA ceasing operations, and not the facts of our bond obligations. As I said earlier, there is no way these bond obligations cause the shutdown of ATA. What will happen is either re-negotiation, or a Chapter 11 filing, and THEN re-negotiation. It's irritating that this writer just takes that 'ol ball and runs with it...right into wild speculation that will not do anything but hurt ATA. I also agree with NJCapt...the bond holders, Boeing and ILFC have more to lose than ATA in this deal.