Well then Mr. Bonner can explain to his fiduciaries not only why he lost the money he already sunk into U (and the aircraft leases) and why he failed to complete the transaction to bring U out of bankruptcy, but also why the retirement system is suddenly hit with a class action suit on behalf of 45,000 U employees, aircraft manufacturers, lessors and other creditors.
But for his actions, the TPG DIP financing would have gone through. He blocked that financing in bad faith if he does not complete the transaction.
I don't think he'll block further funding unless U is in immediate emminent danger of folding. He can't and he knows it. His fiduciaries have too much on the line with not only the post-filing fundings, but also the leases that his fiduciaries owned prior to U filing.
DCAflyer