Originally Posted by keysersose

Yep, Iv'e got to give it to Indigo. They bought Spirit, reformed it, IPO'd it for a few billion dollars and as an 85% owner of Frontier, are about to get Spirit back almost free. Brilliant. Problem for ULCC is that with the breakup fee offer, they have just admitted that the regulatory profile is the same for Jetblue and Frontier which means the Spirit board has just lost it's best argument for giving the airline away. I don't know who will end up with SAVE but Franke is going to have to negotiate and pay something. Shareholders will revolt.