Originally Posted by SnowmanKiller

So now the important question is how many months until liquidation occurs. The whole value proposition of Spirit is they have assets (planes and revenue potential) that another airline would want enough to acquire the airline.

Because Spirit could not sell these 20 odd planes, that means the value of these assets is incredibly low - the domestic US market for aircraft is saturated. Now consider that the an acquisition of Spirit means acquiring its debt as well and the conclusion is obvious. Unable to sell planes piecemeal, Spirit will have no choice but to declare chapter 7 and liquidate in a fire sale. The debt holders will be completely wiped out, with now equity or any other compensation. The aircraft will be sold to foreign airlines for pennies and the capacity will leave the domestic US market.

I felt bad giving up my seniority but today it looks like the best decision I ever did after the merger was struck down. The reality is this industry is indeed stacked in favor of American, Delta, and United. A JetBlue-Spirit merger was struck down as anticompetitive. Now United is beginning the process of acquiring JetBlue, and Spirit will be fully liquidated no later than the end of 2026.

To my friends and former colleagues, you need to put your applications out NOW to one of the Big 3. You are already behind the power curve. In the event you can't get on with one of the Big 3 before Spirit liquidates you need to start networking again for anything that will keep you in the left seat - think regional DEC if that is still available by the time Spirit is gone. That will at least allow you to keep adding 121 PIC while you wait for a Big 3 phone call.