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01-30-2024, 06:01 AM

#1011

CatPilot1

Gets Weekends Off

Joined APC: Jul 2023

Posts: 344

Quote:

Originally Posted by Noisecanceller

Great another few months of uncertainty. Spirit better get their **** together in the meantime instead of just ***** footing around like they have been for the last two years waiting for this to close.

Do you have a link to the filing?

https://www.google.com/

01-30-2024, 06:35 AM

#1012

Chimpy

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Joined APC: Nov 2015

Posts: 1,522

Quote:

Originally Posted by Noisecanceller

Don’t worry, JBs earnings call is equally depressing, lol.

01-30-2024, 06:54 AM

#1013

Clear Right

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Joined APC: Jan 2008

Posts: 534

Quote:

Originally Posted by Bluedriver

How do you know it was JB? My concern is it's really just Spirit, and their new lawyer. With JB sitting on the sidelines.

But curious to know why you think JB is heavily involved?

I’m not convinced B6 wants to completely walk away, they just might want to walk away from the original price tag. One could argue after 2 years of market conditions changing, it’s fair to say the purchase price should be different.

01-30-2024, 07:02 AM

#1014

fw90

On Reserve

Joined APC: Jul 2018

Posts: 12

Quote:

Originally Posted by Clear Right

what if the value had gone up? Do you think JetBlue would be paying more than their contract offer for Spirit?

01-30-2024, 07:04 AM

#1015

Noisecanceller

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Joined APC: Dec 2022

Posts: 869

Quote:

Originally Posted by Chimpy

Don’t worry, JBs earnings call is equally depressing, lol.

Combined too big to fail though.

01-30-2024, 07:10 AM

#1016

CatPilot1

Gets Weekends Off

Joined APC: Jul 2023

Posts: 344

Quote:

Originally Posted by Noisecanceller

Combined too big to fail though.

That should be the only goal of any airline.

01-30-2024, 07:13 AM

#1017

Clear Right

Gets Weekends Off

Joined APC: Jan 2008

Posts: 534

Quote:

Originally Posted by fw90

what if the value had gone up? Do you think JetBlue would be paying more than their contract offer for Spirit?

No, and that’s a very valid counter argument, but the reality is, they might legally be allowed to walk away. So why would you pay more for what it’s worth, they’ve already invested a lot in Spirit shareholders, time to walk away if it’s not a good deal.

01-30-2024, 07:53 AM

#1018

fw90

On Reserve

Joined APC: Jul 2018

Posts: 12

Quote:

Originally Posted by Clear Right

Their offer was outbidding Frontier/Frankie stopping that merger. So looking back, they had to offer more to win. So now, they back out and pay Spirit 70million.

Also spirits profitability means little when the plan was to completely change the model. Are Pilots, planes, orders and gate slots now worth less than two years ago?

01-30-2024, 07:58 AM

#1019

Whica Flore

Line Holder

Joined APC: Sep 2020

Posts: 97

Quote:

Originally Posted by fw90

Spirits debt levels and cash burn would be jetblues problem until their operation was merged into ours. It's not like you click your fingers and Spirit becomes JetBlue. So the question is, are the assets worth the debt and the cash burn?