Credit Defaults on AMR soar to nearly 3X levels af industry

[eolesen]

Dunno. $45M isn't a whole lot when you're sitting on over $5B of unrestricted cash. And we don't know what the mythical terms would have been, or what MX would have been putting up as collateral. Even in bankruptcy, they still have some owned assets left, including a few aircraft if I recall and some real estate near the MEX airport. Not sure if they still own the downtown office tower or not, but it's still got the name on it.