Old 11-18-2024 | 05:33 PM
  #51  
CincoDeMayo
That/It/Thang
 
Joined: Aug 2020
Posts: 3,500
Likes: 362
Default

Originally Posted by Tranquility
I wouldn't put too much stock in what they stated. Quite the opposite actually, I fully expect them to seek changes eventually. I would love to be wrong.
I agree I think Ted andn Bendo might ask, but they can seek all they want, aint happening. They can try to get a judge to force it, doubt it since the terms have already been agreed to before court. Its what, "We have an agreement with our largest bondholders on a deal with debt, they are giving us more money, we have no issue paying our other vendors so they wont be involved, but we want you to force an 1113 on the pilots because we just think it should happen"

Furthermore, the entire point of this pre arranged Ch11 is to get through it quickly. Bond holders dont plan on holding onto this Spirit equity for longer than they have to, get through CH11 and then they can make their next move.
Reply