Originally Posted by
ImBack
This simply means that Spirit can emerge from its $1.6 billion debt refinancing under the ownership of its principal bondholders, including Citadel Advisors, Pacific Investment Management Co., and Western Asset Management Co. As you know, they were delisted and now trade over-the-counter under SAVEQ. Today's court approvals do not equate to financial stability, and I’d advise caution moving forward.
Oh I never said anything about financial stability, but there's been a lot of talk about moving away from the ULCC model upon exiting bankruptcy.
Who knows if it will actually work, but it will be a welcome change if it does!