Spirit Airlines Ch.11
07-17-2024, 11:15 AM
#104
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Joined APC: Jul 2023
Posts: 333
07-22-2024, 02:58 PM
#107
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Joined APC: Jun 2010
Position: seated - facing forward
Posts: 1,068
Whatdo you think of this scenario. Spirit threatens to file for bankruptcy, F9 steps in to prevent that and keep ULCC and “save “ jobs since they’re like companies, preventing BK and sale of assets.
07-22-2024, 03:19 PM
#108
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Joined APC: Jan 2023
Posts: 183
Highly unlikely. No one wants to take on that much debt maturing so soon. Chapter 11 is all but guaranteed at this point, the only question is when. It’ll be after the company files that someone (maybe) makes a play for an acquisition/merger.
07-22-2024, 03:55 PM
#109
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Joined APC: Jun 2021
Position: Joystick Operator
Posts: 886
I feel like that is exactly what someone (like F9) is waiting for. Wait for Ch11, get the goods at a steep discount compared to their original offer.
07-22-2024, 04:03 PM
#110
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Joined APC: Jun 2010
Position: seated - facing forward
Posts: 1,068
go to the highest bidder ? All the big 3 could would outbid F9 if they just want planes. I believe the landscape has changed and they would have to take pilots
per ALPA merger / acquisition policies.
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