because they are not positioned to be successful on their own. If spirit has worse than projected revenue this summer the company will liquidate.

im honestly pretty shocked they couldn’t come to a deal. Spirit is acting like it’s not hundreds of millions of dollars in debt and has a position to demand top dollar on the market.

After Frontiers stock increase of 20% over the last week plus getting rid of the 350 million creditors would pay to get out of bankruptcy that’s literally almost a half a billion dollar swing in value.

I wish you all the best if this doesn’t get done, but for them to reject this is kind of absurd in their overvaluation of what they think spirit is worth.

or, they see more value for themselves in a liquidation down the road. Remember, if they can get the same amount of money or more in liquidation they will do it without thinking twice. These people do not care about you or your loved ones whatsoever and will do what benefits themselves.