Originally Posted by
nene
In this environment, with many airlines making profits and looking for more assets, it would be dangerous for Spirit to ender BK with the expectation of remaining intact. Mgmt would have to convince the creditors that they have a plan to make more $$$$ than is being offered for the gates, unbroken planes, future orders, etc.
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That's the real risk. Not that spirit is an unsustainable business but that its assets are worth elsewhere. Or even one critical group of assets - for instance the airplanes ... or even say 40% of the airplanes.