People call this a lifeline, but it's not. It's a temporary bandaid on a gaping wound and it's just a matter of time before it falls off once again. How they got anybody to actually agree to something like this is beyond me...
https://edition.cnn.com/2020/05/05/investing/hertz-lenders/index.html
You assumption that banks are rational and coordinated is wrong.
Watch "The Big Short." Pay special attention when Steve Carrell's character realizes that all the time he has been betting against his own bank.
We are not in control of our destiny and it really doesn't matter what we present as a post-pandemic plan. The wheels are in motion and we will get packaged and re-packaged in some investment product and dumped to whoever believes the sales pitch on the phone (watch "Margin Call"). The smart ones would have already made a run for our credit default swaps.
In conclusion, whoever agreed to extend 17b$ debt has a plan of how to use May 5 - 22 to limit their losses and then they will drop us like a hot potato. Make no mistake, we are dead.