Jetblue-United Merger
08-22-2017, 09:01 AM
#81
Gets Weekends Off
Joined APC: Sep 2014
Position: A320's
Posts: 169
I'll play! Spirit just filed an 8k with Golden Parachutes approved by the board of directors. Hmmmmm 
Spirit Airlines, Inc. - Current Report
Spirit Airlines, Inc. - Current Report
08-22-2017, 09:50 AM
#82
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Joined APC: Oct 2010
Posts: 2,639
FWIW, if one actually reads the UAL 10Q the redacted portion entirely deals with the revised Boeing order.
The SEC permits confidential information (like aircraft pricing) to remain confidential.
A meger or buyout would be the opposite of confidential, although they could keep the negotiations quiet until the deal is final. There would not be a redacted document in regard to negotiations.
Last edited by cadetdrivr; 08-22-2017 at 10:03 AM.
08-22-2017, 10:05 AM
#83
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
I'll play! Spirit just filed an 8k with Golden Parachutes approved by the board of directors. Hmmmmm
Spirit Airlines, Inc. - Current Report
Spirit Airlines, Inc. - Current Report
08-22-2017, 12:05 PM
#84
Gets Weekends Off
Joined APC: Sep 2010
Position: EWR 777 Captain
Posts: 1,715
I'll play! Spirit just filed an 8k with Golden Parachutes approved by the board of directors. Hmmmmm
Spirit Airlines, Inc. - Current Report
Spirit Airlines, Inc. - Current Report
Hmmmm . . .
Gonna buy a few shares at the open tomorrow. . . never know
Last edited by Sunvox; 08-22-2017 at 12:23 PM.
08-22-2017, 12:20 PM
#85
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Joined APC: Sep 2010
Position: EWR 777 Captain
Posts: 1,715
Meanwhile at Jetblue........
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION August 22, 2017
ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES EXCHANGE ACT OF 1934
JetBlue Airways Corporation
File No. 000-49728 - CF#35313 _____________________
JetBlue Airways Corporation submitted an application under Rule 24b-2 requesting confidential treatment for information it excluded from the Exhibits to a Form 10-Q filed on July 28, 2017.
Based on representations by JetBlue Airways Corporation that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
Exhibit 10.3 through December 31, 2024 Exhibit 10.4 through December 31, 2024
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority:
Brent J. Fields Secretary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION August 22, 2017
ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES EXCHANGE ACT OF 1934
JetBlue Airways Corporation
File No. 000-49728 - CF#35313 _____________________
JetBlue Airways Corporation submitted an application under Rule 24b-2 requesting confidential treatment for information it excluded from the Exhibits to a Form 10-Q filed on July 28, 2017.
Based on representations by JetBlue Airways Corporation that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
Exhibit 10.3 through December 31, 2024 Exhibit 10.4 through December 31, 2024
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority:
Brent J. Fields Secretary
.....and
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION August 8, 2017
ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES EXCHANGE ACT OF 1934
United Continental Holdings, Inc. File No. 1-06033
United Airlines, Inc. File No. 1-10323
CF#35290 _____________________
United Continental Holdings, Inc. and United Airlines, Inc. submitted an application under Rule 24b-2 requesting confidential treatment for information they excluded from the Exhibits to a Form 10-Q filed on July 19, 2017.
Based on representations by United Continental Holdings, Inc. and United Airlines, Inc. that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION August 8, 2017
ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES EXCHANGE ACT OF 1934
United Continental Holdings, Inc. File No. 1-06033
United Airlines, Inc. File No. 1-10323
CF#35290 _____________________
United Continental Holdings, Inc. and United Airlines, Inc. submitted an application under Rule 24b-2 requesting confidential treatment for information they excluded from the Exhibits to a Form 10-Q filed on July 19, 2017.
Based on representations by United Continental Holdings, Inc. and United Airlines, Inc. that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit(s) will not be released to the public for the time period(s) specified:
As Cadet said, the redacted UAL items are all part of the revised order and include an unnamed type of Boeing airplane.
Last edited by Sunvox; 08-22-2017 at 12:35 PM.
08-22-2017, 01:10 PM
#86
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Joined APC: Sep 2010
Position: EWR 777 Captain
Posts: 1,715
And for those curious few here's the "Change in Control" from the latest SAVE 8K. Very interesting indeed that the board decided to give them a new package just now.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Adoption of Spirit Airlines, Inc. 2017 Executive Severance Plan
On August 15, 2017, acting on the recommendation of the Compensation Committee, the Board of Directors of Spirit Airlines, Inc. (the "Company") adopted the Spirit Airlines, Inc. 2017 Executive Severance Plan, with an effective date of March 14, 2017 (the “Severance Plan”). The Severance Plan supersedes all prior severance plans of the Company for terminations occurring after March 14, 2017 and replaces the Company's 2007 executive severance plan, except that the Company's 2007 executive severance plan will continue in effect with respect to those former employees, if any, who currently receive benefits thereunder. All of the Company's current named executive officers (all of which hold a senior vice president or higher position) are covered under the Severance Plan, except Robert L. Fornaro, the Company's President and Chief Executive Officer, who is entitled to severance benefits under his employment agreement, as previously filed with the Securities and Exchange Commission.
. . .
in each case within eighteen months following a change in control, (i) a cash severance amount equal to the sum of two times his or her annual base salary in effect on the termination date or the effective date of the Severance Plan, whichever is greater, plus two times his or her target incentive bonus (currently 70% of base salary for senior vice presidents and 80% for executive vice presidents) for the year of termination, payable in equal installments over twenty four months, (ii) his or her incentive bonus for the year of termination, prorated from the beginning of the year to the date of termination based on actual incentive plan performance as of the date of termination, (iii) outplacement services not to exceed $10,000, (iv) a continuation of COBRA coverage for twelve months, (v) a free family travel pass on Company flights for twelve months; and (vi) the use of a Company-owned mobile phone for up to thirty days.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Adoption of Spirit Airlines, Inc. 2017 Executive Severance Plan
On August 15, 2017, acting on the recommendation of the Compensation Committee, the Board of Directors of Spirit Airlines, Inc. (the "Company") adopted the Spirit Airlines, Inc. 2017 Executive Severance Plan, with an effective date of March 14, 2017 (the “Severance Plan”). The Severance Plan supersedes all prior severance plans of the Company for terminations occurring after March 14, 2017 and replaces the Company's 2007 executive severance plan, except that the Company's 2007 executive severance plan will continue in effect with respect to those former employees, if any, who currently receive benefits thereunder. All of the Company's current named executive officers (all of which hold a senior vice president or higher position) are covered under the Severance Plan, except Robert L. Fornaro, the Company's President and Chief Executive Officer, who is entitled to severance benefits under his employment agreement, as previously filed with the Securities and Exchange Commission.
. . .
in each case within eighteen months following a change in control, (i) a cash severance amount equal to the sum of two times his or her annual base salary in effect on the termination date or the effective date of the Severance Plan, whichever is greater, plus two times his or her target incentive bonus (currently 70% of base salary for senior vice presidents and 80% for executive vice presidents) for the year of termination, payable in equal installments over twenty four months, (ii) his or her incentive bonus for the year of termination, prorated from the beginning of the year to the date of termination based on actual incentive plan performance as of the date of termination, (iii) outplacement services not to exceed $10,000, (iv) a continuation of COBRA coverage for twelve months, (v) a free family travel pass on Company flights for twelve months; and (vi) the use of a Company-owned mobile phone for up to thirty days.
08-22-2017, 01:57 PM
#88
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
I think you are on to something here. With Spirt at a four year low, it could be a good entry point regardless of a potential suitor's intentions.
It could also demonstrate yet another consequence of UAL's "economy basic" marketing plan IF UAL has had its sights on Spirit or Frontier: destroy the stock price of potential acquisition targets. Spirit is way down and Frontier delayed its IPO. Why buy at the top of the market?
It could also demonstrate yet another consequence of UAL's "economy basic" marketing plan IF UAL has had its sights on Spirit or Frontier: destroy the stock price of potential acquisition targets. Spirit is way down and Frontier delayed its IPO. Why buy at the top of the market?
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