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One reason the major airlines find themselves in this predicament is that they use huge amounts of fixed capital -- wide-body jets go for $100 million each and can't be readily liquidated.
This might be in assets that can usually be readily liquidated like shares or bonds, but warning is given that an understanding of risk needs to be acquired when purchasing shares, property or interest bearing bonds.
Similar(58)
The airline was liquidated.
Seven have been liquidated.
The office was liquidated.
Solyndra is being liquidated.
Wasn't Gaddafi liquidated?
Heelys is then being liquidated.
"Qimonda is factually liquidated.
"Warsaw will be liquidated".
(It was liquidated in August 1944).
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CEO of Professional Science Editing for Scientists @ prosciediting.com