Originally Posted by
Halon1211
Google Spirit Airlines right now.
last five minutes, just flooding with news articles about filing Ch. 11 bankruptcy.
this is the final step in the merger plan!
Who shall be our prince charming to sweep up this damsel in distress that just fell into the river??
I wonder if a re-bid by jb would ever be in the cards. The court specifically cited spirit as a ulcc being a reason for denial. It seems spirit has “transformed” mostly on paper to more align with and become a LCC, paving the way for a merger. Especially with jb’s recent debt raise for 3billion. Now, jb comes in from a pre-bankruptcy play at say $22 p/s etc.