> Bailing-in creditors and diluting shareholders is fast and cheap by comparison. I agree, whether the planes go through bankruptcy to a new player or the old

> Bailing-in creditors and diluting shareholders is fast and cheap by comparison. I agree, whether the planes go through bankruptcy to a new player or the old ownership is radically changed, it allows to things to take a different course. With big dilution you can imagine the new owner essentially having bought the business before bankruptcy.