Originally Posted by
Halon1211
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!
My post was in reference to us being in a similar position to Eastern/Pan am as far as pilots being absorbed. I wasn't suggesting they will go CH7 even though I absolutely think it's a possibility and I completely agree with Helene Beckers assessment. This NEO problem could potentially drag on all the way to 2030. If you think for a second Spirit can hang on that long your insane. This place is 100% going CH11 minimum. Good luck