Originally Posted by
Hedley
My understanding is that most of the aircraft are leased. If so, they would simply go back to the lessor. Legacies would then likely compete to lease or purchase only those aircraft without engine issues, but that wouldn't trigger any type of benefit for the employees. They'd also compete for future delivery slots. Airport slots go back to the controlling entity and then reallocated as they see fit. The creditors get the goldmine, the employees get the shaft. This of course assumes CH 7 rather than CH 11.
I agree. There's an article stating the fleet was 67% leased aircraft, and that was before Spirit sold 25 airplanes to try to reduce its debt. I really don't think there is much meat on the bone to entice someone to come in and buy Spirit. They would be taking on massive debt without gaining any real assets. Even the delivery slots might not be worth much with almost everyone acknolwedging that there is now an overcapacity in domestic markets.
I'm not trying to hate on anyone's employer, I hope it works out. It's just the way the situation appears.