Originally Posted by
Billy Tate
The judges ruling on the Clayton Act will still stand in CH11 so unless the DOJ decides to look the other way what your implying won't happen.
Now in CH7 liquidation like Pan am / Eastern we have no fragmentation language to go with the metal and even if we did we don't own the Aircraft. We can't negotiate our jobs with a leasing company. I know we own a couple but my guess by the time we get to this point we will have leveraged them all.
I honestly don’t think spirit will go Ch.7 even without a merger.
while it is true, CEO’s lie all the time, this time TC was under oath in the Boston courtroom. He has a 5 or $6 million gold parachute and to get this merger through. He wants this merger as well as all the C-Suites to go through.
when you pressed under oath. TC said the company has a plan back to profitability. He could’ve very well said our company was BK without a merger and that we our golden ticket to winning the judge over. but he could not say that. The judge even said that he would’ve considered the company’s financial state, but he could not because the company would be fine without the merger.
I do think that once we get the Pratt & Whitney issue fixed and without a Jetblue merger, we will be fine on own. Not killing it, but just enough to survive.
(In a Shark Tank, Kevin O’Leary voice) and for that reason, I’m out!