Originally Posted by
Supermid
More pessimism: Are we still dreaming in technicolor that somebody is going to buy us? They could run the same play as Spirit. Just sit back and watch us die. 16 year spirit captains becoming first year FOs is a pretty sweet deal for a business in this business.
The difference being Jetblue has more valuable assets that would go to the highest bidder in a Ch7 liquidation. If you are interested in our slot portfolio (JFK mainly) then waiting til Ch7 would risk competition from other carriers bidding as well.
Who needs the JFK assets the most? I would argue AA. And waiting til Ch7 risks others like UA/WN/F9/etc taking chunks of that.
Will it happen? Probably not, but I don't think it is a crazy scenario to imagine AA making an attempt in the next few years, maybe even a joint bid with BA/IAG taking a 25% stake. Ch7 liquidation is a much less percentage likelihood in my mind.