RoNo
:
Only 5 planes unencumbered., maybe some engines and other flight hardware. Most of the unencumbered assets are in the IP, gates, and loyalty program.
ColdJoke
:
some assholes use redelivery to write off assets but not to unwind liability. (They should unwind together but accounting has loophole to do that). In that case we equity are wiped out in book.
RoNo : Only 5 planes unencumbered., maybe some engines and other flight hardware. Most of the unencumbered assets are in the IP, gates, and loyalty program.
ColdJoke : some assholes use redelivery to write off assets but not to unwind liability. (They should unwind together but accounting has loophole to do that). In that case we equity are wiped out in book.