The airplanes needing engine work are not owned, they are leased. I think what a lot of people are not taking into consideration is the fact that leased items cannot be included in part of the the calculations used to determine value in determining chapter 7 or 11. For example, the creditors can’t say “they are worth more in chapter 7 because we can sell all these airplanes and get our money back” they can only used owned assets. Which is why I imagine spirit has been leaving back so many airplanes. Those now cannot be used to determine spirits value in liquidation.

secondly - did everyone miss the fact that Hawaiian worked a deal to get all their junked engines traded out for good ones? Their downtime was very very minimal. My hunch is that those planes that Spirit has sitting do in fact have value and could quite possibly be back in the air quite quickly if they belonged to an owner that WANTED them in the air. I think spirit wants them sitting for now; which is why they aren’t pressing for a deal like Hawaiian did.

the 23 sold were perfectly good flying airplanes. They were an “older and less fuel efficient fleet”.

and, sorry I quoted you, this may or may not respond to what you’re saying. But yours was the easiest to click respond to and you were responding to the poster that I think I’m probably responding too as well. And it’s late and I’m tired haha!