casa creditors and standard and poors

i dont think it's any surprise to anyone that vba may be in financial strife.

but what happens if casa, creditors and s&p all come knocking on the door wanting to look at the books.

with so many new aircraft arriving over the next 12 months is it possible that vba will not have the finances to cover these purchase costs and finding financing may be extremely difficult if not impossible.

are they struggling to finance their existing fleet and operation????

see below, this is a casa function,

""Financial examination of AOC holders
CASA is also required to check and monitor the financial capacity of commercial operators. To quote from CASA's quarterly journal volume 1 number1 1995:-
"To this end, the new provisions of the Act require that holders of Air Operator Certificates (AOCs) show that they are in a 'financial position' to ensure that their activities can be carried out with a reasonable degree of care and diligence.""