Spirit Airlines Ch.11
10-07-2024, 07:52 AM
#461
That/It/Thang
Joined APC: Aug 2020
Posts: 2,946
Hypothetically possible, in BK proceedings where fat can be trimmed and unwanted obligations ditched. Even the threat of BK might get certain creditors on board, but that doesn't allow you to do things like modify service contracts, labor CBA's, etc.
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
10-07-2024, 08:18 AM
#462
Gets Weekends Off
Joined APC: Nov 2020
Posts: 1,913
In this business, you really have to make the best decision for you/your family for long term as best you can decipher it. No one has a crystal ball that can look out past a year, and anything past next couple of years is just hypothetical. Threats come to this industry from many varied angles that are almost impossible to account for.
10-07-2024, 08:21 AM
#464
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,252
10-07-2024, 03:12 PM
#465
Gets Weekends Off
Joined APC: Sep 2014
Posts: 510
Who's saying a pilot is "crazy to leave"?
In this business, you really have to make the best decision for you/your family for long term as best you can decipher it. No one has a crystal ball that can look out past a year, and anything past next couple of years is just hypothetical. Threats come to this industry from many varied angles that are almost impossible to account for.
In this business, you really have to make the best decision for you/your family for long term as best you can decipher it. No one has a crystal ball that can look out past a year, and anything past next couple of years is just hypothetical. Threats come to this industry from many varied angles that are almost impossible to account for.
10-07-2024, 03:43 PM
#466
Gets Weekends Off
Joined APC: Oct 2005
Position: Office Chair
Posts: 636
[QUOTE=Noisecanceller;3809497]
Hasn't he been making "#2 happen" since he got here?
Two questions that could determine whether or not to file;
1. What kind of compensation will RTX provide in 2025 and beyond?
2. Are we able to renegotiate our debts and under what terms?
Also note Teddy said "at this time....".[/QUOTE
Hes got only a few months to make number 2 happen or they’ll have to file to keep the cash on hand to get through any possible reorganization. ]
1. What kind of compensation will RTX provide in 2025 and beyond?
2. Are we able to renegotiate our debts and under what terms?
Also note Teddy said "at this time....".[/QUOTE
Hes got only a few months to make number 2 happen or they’ll have to file to keep the cash on hand to get through any possible reorganization. ]
10-08-2024, 11:53 AM
#467
Gets Weekends Off
Joined APC: Mar 2023
Posts: 350
Hypothetically possible, in BK proceedings where fat can be trimmed and unwanted obligations ditched. Even the threat of BK might get certain creditors on board, but that doesn't allow you to do things like modify service contracts, labor CBA's, etc.
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
10-08-2024, 12:04 PM
#468
Gets Weekends Off
Joined APC: Feb 2019
Position: baller, shot caller
Posts: 1,022
NK and F9 have numerous route overlap.
10-08-2024, 12:32 PM
#469
Gets Weekends Off
Joined APC: Jul 2017
Posts: 257
10-08-2024, 12:49 PM
#470
Gets Weekends Off
Thread Starter
Joined APC: Oct 2017
Posts: 3,275
Hypothetically possible, in BK proceedings where fat can be trimmed and unwanted obligations ditched. Even the threat of BK might get certain creditors on board, but that doesn't allow you to do things like modify service contracts, labor CBA's, etc.
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
But not a sure thing that they could even work out a deal. If I were contemplating such a move, I'd definitely wait until Nov 6 (or whenever the re-counts, lawsuits, and insurrections are done).
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