QMengColdJoke : 1) Deal between board and debtors: debtors take over, inject no money, form new company and get shares in exchange of current debt, get new debentures equals to current debt notional just longer maturity (convertibles only get a fraction). Board keeps their job. Currently shareholders will own nothing.
2) Although some people say they asked lawyer can it is legal. However my experience is they cannot do in US law system without shareholders meeting. Typically board can sell company in relatively cheap price, can issue huge amount of new shares at market (very cheap) to Bond  holders for conversion, can offer a mixed shelf to white knight who want to buy out maturing debt.
3) Judge can choose to ask new company has some of our shares. But number will vary. Decision will be made at least one month. Typically 3 months. (I won’t buy back my shares at this price, at least I’ll wait for 1 month so I got tax losses)

RDK79 : I’m sure some anti-BA articles will be pushed.  Need another FAA investigation….

Wolf Zone : We will have to see in 20 minutes.