@JudyAbel2@premnsikka@andyburnham@UKLabour Nothing illegal going on here. Airlines are usually privately owned as are airports. If Easyjet goes pfffffff then Ryanair, Jet2, Vueling etc will fill the vacuum. Or not if the market is contracting.
@finding_film@premnsikka Lenders want their money back. If the PE can't pay then, well, the lenders get some planes and whatever is left on the duty free trollies.
@dindjic@nash_gelnash@premnsikka Worst deal possible for them. Their borrowing costs will be way above sovereign coupon payments.
They need the cash flow from the businesses they acquire.