Originally Posted by
Ted Striker
What’s up with the MEC Merger SLI fund. Are they saying they are trying to bring that back for Jan 2025? Is something up or are they just looking to be proactive for the future, in the event it’s needed.
The lack of a pre-existing merger and SLI fund hindered and delayed the ability to retain legal counsel for the spirit merger. Having it pre-funded to at least pay the first few months of the legal costs could help to speed up the process and help prevent the other airline from getting the first pick of SLI lawyers should another merger occur.