More often than not, when you have a bankruptcy and the company emerges -- particularly when new equity is invested -- you can expect the current board will no longer be in place. It's just normal.
You tell people, 'I'm an orange badge at Microsoft,' and pretty much everybody in the tech industry knows exactly what that means. It's practically a subculture in Seattle.
It is hard to kill an airline. They can limp along for years.
I think they're resigned to it, because that's the normal course.
You want to have the resources to hire the professionals you need and to service debt, make lease payments and put up cash collateral, as required to keep operating the business. And you need to pay vendors.
