That is disgusting. Company goes bust, equity holders lose everything, most debt holders lose nearly everything. Then with all that debt wiped off they relist with a blank slate, cash out and run. Classic Private Equity move. They won't care what happens to the airline after they've relisted. It'll be Dick Smith all over again.
Fool me twice, as the saying goes.
VAH Price at posting:
8.6¢ Sentiment: None Disclosure: Not Held
