Id say at this point, from what I DO know, there’s far more outstanding debt than tangible value to NK at the moment. Kind of a scary place to be. For all parties.

i too am not all well versed in this sort of thing. But this was clearly always part of the plan. It’s only been 4 months since the airline emerged from CH11. Obviously the result and state of the company today couldn’t pull a complete 180 in 4 months. Did anyone think Spirit would be in a different place in that short of a span? With a few new options and some marketing? Please tell me it wasn’t expected to even stop bleeding by now. No where near enough time. Like I say, this is just one of the tools they planned to use.