In the courtroom.
12-12-2023, 05:39 PM
#481
Gets Weekends Off
Thread Starter
Joined APC: Oct 2017
Posts: 3,233
New email
Attorneys have been contacted for and an announcement in favor of the merger will be announced on the morning of the 19th!
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
12-12-2023, 06:07 PM
#482
Gets Weekends Off
Joined APC: Aug 2019
Posts: 246
Attorneys have been contacted for and an announcement in favor of the merger will be announced on the morning of the 19th!
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
12-12-2023, 06:17 PM
#484
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Attorneys have been contacted for and an announcement in favor of the merger will be announced on the morning of the 19th!
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
12-12-2023, 06:21 PM
#485
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,667
Attorneys have been contacted for and an announcement in favor of the merger will be announced on the morning of the 19th!
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
merger will go through but with some more divestures.
as per our email (Spirit) we will be having a town hall later that afternoon, the purpose will be to answer question about the additional divestures and the next steps both airlines will take to merge into one and the timeline.
12-12-2023, 07:56 PM
#488
Gets Weekends Off
Thread Starter
Joined APC: Oct 2017
Posts: 3,233
12-13-2023, 07:49 AM
#489
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
Suggest you do some research on B6's Balance Sheet. There is no reason to even think about CH11 at this point for B6, even after the cost of the NK acquisition. They have plenty of assets vs liability, they have plenty of ability to pay their bills...again, even after the NK purchase for $3.8B.
To put this purchase into a little in perspective: "The Alaska Air Group acquired Virgin America in April 2016, at a cost of approximately $4 billion" and "Seattle-based Alaska Airlines recently announced it plans to buy Hawaiian Airlines for the sum of about $1.9 billion", that's almost $6.0 billion total.
Alaska is doing just fine after their purchase of VA, and one could argue that the aircraft/order-book for B6/NK purchase is a better deal for B6 than the assets that AK got from thier acquisition of VA. There is no financial basis to support CH11 for B6 anytime in the near future, they have a very good financial position relative to their peers. Do some research on the Balance Sheets of United and American, look at their assets vs long term liabilities, and then compare that to B6's balance sheet...I think you will rest easy after that comparison.
To put this purchase into a little in perspective: "The Alaska Air Group acquired Virgin America in April 2016, at a cost of approximately $4 billion" and "Seattle-based Alaska Airlines recently announced it plans to buy Hawaiian Airlines for the sum of about $1.9 billion", that's almost $6.0 billion total.
Alaska is doing just fine after their purchase of VA, and one could argue that the aircraft/order-book for B6/NK purchase is a better deal for B6 than the assets that AK got from thier acquisition of VA. There is no financial basis to support CH11 for B6 anytime in the near future, they have a very good financial position relative to their peers. Do some research on the Balance Sheets of United and American, look at their assets vs long term liabilities, and then compare that to B6's balance sheet...I think you will rest easy after that comparison.
Q4 2022 net income 24M
2023 Quarterly net income
Q1 (192M)
Q2 138M
Q3 (153M)
$183M net loss for the last 4 quarters.
Combine NK's net loss of $235M for the last 4 quarters = combined net loss of $418M over the last 4 quarters.
Toss in integration costs and you're burning through some assets.
12-13-2023, 04:24 PM
#490
Line Holder
Joined APC: Jan 2022
Posts: 57
Howdy Folks.... Trial briefs are here for both the DOJ and JBLJU
JBLU: https://storage.courtlistener.com/re...4267.450.0.pdf
DOJ: https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.451.0.
pdf
After reading these, I am even more bullish this closes. The DOJ may have put on a decent showing at closing arguments, but they got absolutely SLAPPED in all closing documents, imo.
JBLU: https://storage.courtlistener.com/re...4267.450.0.pdf
DOJ: https://storage.courtlistener.com/recap/gov.uscourts.mad.254267/gov.uscourts.mad.254267.451.0.
After reading these, I am even more bullish this closes. The DOJ may have put on a decent showing at closing arguments, but they got absolutely SLAPPED in all closing documents, imo.
Thread
Thread Starter
Forum
Replies
Last Post
