In the courtroom.
12-28-2023, 03:50 PM
#581
Gets Weekends Off
Joined APC: Jul 2014
Posts: 805
The financing has stipulations for a timeline and the DOJ knows this so an appeal could be more of a problem, DOT could cause problems even though they can still push forward without them, the threat of a reprice founded or not could discount the stock, certain politicians like to make the news especially in an election year… I am long SAVE stock and genuinely think it will close but I don’t think the road there will be smooth. I think the debt situation at JBLU will need deft leadership which they don’t have and a healthy economy until they figure it out (I worked there.) The government has bungled this whole process so why stop now. Hopefully I am wrong.
12-28-2023, 03:55 PM
#582
Line Holder
Joined APC: Nov 2023
Position: A220
Posts: 57
The financing has stipulations for a timeline and the DOJ knows this so an appeal could be more of a problem, DOT could cause problems even though they can still push forward without them, the threat of a reprice founded or not could discount the stock, certain politicians like to make the news especially in an election year… I am long SAVE stock and genuinely think it will close but I don’t think the road there will be smooth. I think the debt situation at JBLU will need deft leadership which they don’t have and a healthy economy until they figure it out (I worked there.) The government has bungled this whole process so why stop now. Hopefully I am wrong.
if approved and pushed on... the DOT could essentially hold up the SOC alone correct? I assume that would be a last ditch gov effort if the DOJ files appeal that still results in a merger approval. Definitely has potential to be messy but hope we hear asap either way.
12-28-2023, 04:23 PM
#583
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
The financing has stipulations for a timeline and the DOJ knows this so an appeal could be more of a problem, DOT could cause problems even though they can still push forward without them, the threat of a reprice founded or not could discount the stock, certain politicians like to make the news especially in an election year… I am long SAVE stock and genuinely think it will close but I don’t think the road there will be smooth. I think the debt situation at JBLU will need deft leadership which they don’t have and a healthy economy until they figure it out (I worked there.) The government has bungled this whole process so why stop now. Hopefully I am wrong.
12-28-2023, 07:50 PM
#584
Gets Weekends Off
Joined APC: Dec 2019
Posts: 1,952
I don’t think the DOT has ever, or will ever, hold up SOC based on anti-trust concerns… not their job
12-29-2023, 01:05 AM
#585
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
There's a whole lot of money in credit cards; far more than there is in flying airplanes.
12-29-2023, 06:39 AM
#586
Gets Weekends Off
Joined APC: Jul 2014
Posts: 805
That's not how Wall Street works. GS and BoA aren't going to pull financing. They'll eat a short term loss if they have to; there are bigger motivations behind the financing such as being the bank for Jetblue credit cards (I would expect to see it changed from Barclays sometime after the merger). Note that Bank of America has a Spirit branded credit card.
There's a whole lot of money in credit cards; far more than there is in flying airplanes.
There's a whole lot of money in credit cards; far more than there is in flying airplanes.
12-29-2023, 07:12 AM
#587
Gets Weekends Off
Joined APC: Aug 2008
Posts: 770
Not their job... until Smilin Joe Biden signed an executive order in 2021 essentially saying big business monopolies were an existential threat to the country and every government branch that has a "department of" in the title should do everything in their power to gum up the works. Mayor Pete has been deputized and he will ride with any posse that keeps him relevant in the DNC.
12-29-2023, 08:05 AM
#588
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
12-29-2023, 08:46 AM
#589
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
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