Originally Posted by
BufordT Justice
This is grossly inaccurate. It’s just a matter of whether or not it’s worth what’s required. Either way, F9 is in strong shape moving forward.
Yup. Indigo can afford to pay in stock as they hold a overwhelming majority of shares in ULCC. They could certainly get a loan and finance it like B6 is doing, but that’s much more expensive. F9 just has the option to pay in stock which is much cheaper, B6 doesn’t have that option.
I believe Indigo will still be the majority shareholder in the new company if it eventually goes through. They’d have full control. BOD and shareholder.