Originally Posted by
CRJCapitan
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.
A scenario where someone might come in and buy pre-BK would involve a deal with creditors...
Another airline might hypothetically agree to take on significantly restructured debt, in exchange for having a plausible path to service the debt going forward.
Obviously the debt would *have* to be restructured for anybody to get anywhere near it with a ten foot pole. But restructured debt held by a (reliable) acquiring airline, a known quantitity, might be preferred by creditors to rolling the dice in BK court.
So hypothetically the creditors would work with SWA. They might not be interested in working with another ULCC if they don't like the business model, might be jumping out of the frying pan into the fire.
All very hypothetical, just examples.