RAH paying 18 cents

jsled · 08-15-2009, 06:33 AM

Looks like RAH dropped their 150M claim which resulted in creditors receiving 18 cents on the dollar or 50% more than the SWA offer of 12 cents.

Frontier seeing clear skies - The Denver Post

"Republic's offer also was more attractive to Frontier's other creditors. By dropping its $150 million claim for a terminated flying contract, Republic bumped the return for creditors from about 9 cents on the dollar to 18 cents on the dollar.

Southwest's bid would have paid creditors about 12 cents on the dollar."

F9Fan · 08-15-2009, 08:13 AM

My guess - this is why RAH won the bid and the fact that SWA came in at the last minute unprepared. The pilot impasse thing was just a good excuse and good PR among the SWA ranks.

TillerEnvy · 08-15-2009, 10:48 AM

This was missed by most...we ended up with the best offer and the 2 unions not agreeing on integration may not have mattered. Our offer ultimately was worth more.

mulcher · 08-15-2009, 12:05 PM

Thats because SWA WITHDREW their offer. They didnt make another offer. All it did is cost RAH some money. Do you honestly think a company with $2.6B, couldnt come up with a better bid. SWA pulled the offer. RAH got it by default.

MD80 · 08-15-2009, 12:35 PM

Quote:

Originally Posted by jsled

Looks like RAH dropped their 150M claim which resulted in creditors receiving 18 cents on the dollar or 50% more than the SWA offer of 12 cents.

Frontier seeing clear skies - The Denver Post

"Republic's offer also was more attractive to Frontier's other creditors. By dropping its $150 million claim for a terminated flying contract, Republic bumped the return for creditors from about 9 cents on the dollar to 18 cents on the dollar.

Southwest's bid would have paid creditors about 12 cents on the dollar."

What ever happened to the scope language changes required by BB in the Republic offer for Frontier?

flyguy23 · 08-15-2009, 03:14 PM

Quote:

Originally Posted by MD80

What ever happened to the scope language changes required by BB in the Republic offer for Frontier?

I know you're itching to start an argument, but that language is no longer needed as the lists will be integrated. One company and one list.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
F9 & RAH new seniority list?	buffmike80	Major	117	07-14-2009 02:12 PM
JetBlue Pilots Wakeup call?	ERJ135	Major	93	06-07-2009 01:06 PM
Even if they pay RAH pilots more...?	UnlimitedAkro	Regional	19	05-22-2009 03:49 PM
RAH wants to buy Compass	rickkane	Regional	143	12-04-2008 02:19 PM
A response to certian x-jet guys not letting RAH jumpseat	pprada1	Regional	19	09-06-2008 06:16 PM