Originally Posted by REF 5

Debt holders are playing hardball. FRNT is also playing hardball becasue they are not taking on that debt. Spirit is going to play hard ball as they ramp up for Ch 11. The big question is now is who will finance the airline while in CH 11. Credit card processors are holding all the cash so Spirit will need working capital to run the day to day operations like payroll that still need to be made. DIP financing is probably the last piece of the puzzle to be put together before they go to court. FRNT will be back again once they file and that debt gets refinanced or is diluted.