Halon1211

does this mean that the judge is going to go ahead and approve the merger but now he hast to decide what day the divestitures are going to be? Therefore, requiring more time to do some research.

DontCallMeCindy

I don’t believe I ever used the word immediately. And it wouldn’t be immediately—you have to wait a certain period of time to avoid accusations of bad faith by the shareholders (as you touch upon in your post). You’d definitely wait at least one year after any payments to former officers & directors (bc the bonuses you get for pulling off the deal would be revocable to the bankruptcy estate within one year of being paid out).

I hope it doesn’t come to that—I’m just highlighting the fact that it is always an option on the table. It’s just part of the toolbox of any decent airline management team. If they are unable to achieve predicted cost synergies, lean the redundant headcounts in a lot of roles, and integrate technology and product—all in a timely fashion—it is absolutely an option. Esp when they start looking at the structural cost increases require by allllll the labor deals they’ll have to sign.

Rejecting information outright solely because it is on the internet is probably a good practice, however it also opens you up to the possibility that you are rejecting information from people who might actually know more about this topic than your average Joe Blow lawyer with a JD from a crappy state school.

It sounds like you have a lot of reading to do, as you still don’t seem to believe any of us talking about how Chapter 11 is a common strategic tool used by management teams in every industry—especially this one:

https://en.m.wikipedia.org/wiki/List..._United_States

CincoDeMayo

Not exactly;

“We don’t know exactly when that will be, but you may have seen news stories earlier this week stating that no decision is expected before January. As always, we’ll continue to keep you updated when we know more.”

Lincoln Osiris

Okay so which one of those US airlines merged and then went bankrupt a year later? (Since you keep moving the goal posts). Can't seem to answer that question it appears.

RemoveB4flght

Mayor Pete is taking his marching orders directly from the Biden administration. Remember that ol' Joe signed an executive order back in 2021 calling for all departments of government to help police business practices in terms of monopolies and anti-competitiveness, which was authored by Columbia professor Tim Wu a one time candidate for head of the Federal Trade Commission who spends all his time writing books and papers about the evils of big business and capitalism. This is a link to that executive order.

https://en.wikipedia.org/wiki/Execut...tion%20Council.

The DOT has never before gotten directly involved in this sort of anti-merger policing, so there is really no precedent for this. However Mayor Pete is one of a dozen or so on the blue-ribbon expert panel formed by executive order 14036, and is probably desperate to test this newly conceived authority. It's likely that he will want to rattle his saber in an election year to remind people that he 1) still exists and 2) will dutifully follow the administration's wishes in hopes of keeping his position or getting a better cabinet post if they manage to hold on to the White House.

He cannot reverse the court's merger decision, JetBlue would still own Spirit, but he can deny the application for B6 to move NK flying on to their certificate. This would of course be taken to court, and the DOT would have a massive uphill battle to show they have the authority to circumvent a federal court's decision, and the whole thing smacks of government overreach.

Of course it's not a monopoly if you have a minority of the market, if the DOT's only rationale is the implied hurt to the low cost consumer, B6 as owner could simply change the Spirit business model away from ULCC.

Bluedriver

Didn't you read, Cindy knows more than the average joe-blow lawyer...

DontCallMeCindy

AV 5.0 baby

Aquaticus

I am still holding a lot of shares I picked up here and there and some from mid Nov. I am still looking for low 20’s or higher to dump the short term gains. I doubt we will ever see the 29.85 but I will hold the long term shares just to see if it eventually pays. Apes strong together!

Andy

You know you're dealing with someone who thinks 1 or 2 years is immediate, right? Waste of time

Bluedriver

You might be thinking of someone else, I haven't weighed in on the "immediate" BK discussion.