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I think a big reason JetBlue wanted Spirit was purely to avoid a NK/F9 tie up. If they feel like NK/F9 is no longer viable based on arguments in this trial, they may be content to just walk away. The $400 or $470 million may be worth it to have avoided the super ULCC.Originally Posted by Noisecanceller
Honestly very little has changed other than the scope of the engine issues since the merger was announced. Spirit wasn’t viable back then as a stand alone but had a longer runway for borrowing. The engine issues and debt are squeezing spirit from both ends. Can’t make money and can’t get money. Everything JetBlue wanted with spirit hasn’t changed much