Originally Posted by
Lincoln Osiris
And not exactly sure why they would go after JB with a market cap of 2 bill vs Spirits 274 million (over 7 times cheaper, not including the debt obviously). And Spirit at this point would be wayyy more likely to pass regualtory hurdles giving the looming ch11 and pilot furloughs via "failing firm defense".
You just don't pay whatever the going market cap is and you get the planes. Its not like buying a car. If you buy Spirit you also get to take on $3B in debt and very few assets since they are all leveraged or sold and then have to carry the ongoing losses (almost $1B a year) until you can get everything integrated to get the efficiencies. Trying to do that while also figuring out how to put HA/AS together would be a mess.