Obviously, the money was not enough and rates have to increase. But almost everywhere else in the world is able to make a ULCC work. Europe is the global leader, but Asia is full of ULCCs too, Australia, Latin America, almost everywhere outside of Africa. Why is it impossible in America, by far the richest country in the world?
Perhaps the value is more of an auction value, but given all that they have, how much less than $500MM is the auction value of the carrier? Is it worth $300MM dead and $500MM alive? Bidders could settle that and one might have just stepped forward.
A great solo travel tip spotted this week on Live and Let's Fly.
