[hellojimbo]

why not just start your own airline instead of buying one that is dysfunctional and losing money

[Ekaros]

In current era of regulation for starting airline is huge amount of paperwork. All sorts of permits, plans, filed documents and so on. So much so that just buying parts from collapsed one is cheaper option.

[danaw]

because airplanes, routes, employees, pilots etc arent exactly easy to come by without a whole lot more time and capital expenditure