Spirit of NKS part VII (The final Chapter)

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01-19-2024, 07:10 AM

#41

Chimpy

Gets Weekends Off

Joined APC: Nov 2015

Posts: 1,523

Quote:

Originally Posted by Noisecanceller

Exactly. Why not appeal and you get to delay paying out $470M or you get the merger you wanted. Seems to be no penalty to JB to try and appeal

they already paid out about $400M…

01-19-2024, 07:13 AM

#42

Flika

Line Holder

Joined APC: Nov 2022

Posts: 49

Quote:

Originally Posted by Halon1211

Both Jetblue AND spirit have to agree not to appeal. It’s in their terms of agreement of the merger.

This is an interesting point. I just read through that clause of the agreement, seems pretty iron clad. Makes me wonder why there is convincing needed and why haven't annouced an appeal already.

01-19-2024, 07:14 AM

#43

Flyby1206

SDQ Base Chief

Joined APC: Mar 2006

Position: 320 CA

Posts: 5,668

Quote:

Originally Posted by Noisecanceller

Exactly. Why not appeal and you get to delay paying out $470M or you get the merger you wanted. Seems to be no penalty to JB to try and appeal

I bet JB/NK ammend the merger agreement. JB agrees to appeal and extend the Outside Date to July 2026, in exchange for a price recut. Otherwise the appeal is hollow since the process would most likely take them past the July 2024 date, allowing JB to back out at that point.

01-19-2024, 07:23 AM

#44

Chimpy

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Joined APC: Nov 2015

Posts: 1,523

Quote:

Originally Posted by Flyby1206

seems like the best way forward. Hope for a different adminstration who sucks less

01-19-2024, 07:48 AM

#45

Flyby1206

SDQ Base Chief

Joined APC: Mar 2006

Position: 320 CA

Posts: 5,668

Quote:

Originally Posted by Chimpy

seems like the best way forward. Hope for a different adminstration who sucks less

Additionally, I think their chances of approval are better at the Supreme Court level. It may be a long road, but I am regaining optimism.

01-19-2024, 07:57 AM

#46

putzin

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Joined APC: Jun 2006

Posts: 1,472

Quote:

Originally Posted by Chimpy

seems like the best way forward. Hope for a different adminstration who sucks less

Or just tie up the competition until you figure out what you need to do?

01-19-2024, 07:58 AM

#47

putzin

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Joined APC: Jun 2006

Posts: 1,472

Quote:

Originally Posted by Flyby1206

Additionally, I think their chances of approval are better at the Supreme Court level. It may be a long road, but I am regaining optimism.

There are better options for you and us, jetblue wasn't the answer.

01-19-2024, 08:42 AM

#48

Flyby1206

SDQ Base Chief

Joined APC: Mar 2006

Position: 320 CA

Posts: 5,668

Quote:

Originally Posted by putzin

There are better options for you and us, jetblue wasn't the answer.

Im a JB guy, hopeful for the NK merger. JB is the Miata of airlines. It is always the answer.

01-19-2024, 09:23 AM

#49

putzin

Gets Weekends Off

Joined APC: Jun 2006

Posts: 1,472

Quote:

Originally Posted by Flyby1206

Im a JB guy, hopeful for the NK merger. JB is the Miata of airlines. It is always the answer.

You had better options, you couldnt afford it. You seem to always be the fat chick left on the dance floor, maybe you need to embrace it?

I'm personally hoping for your organic growth and us going with an airline that makes sense.

Good luck.