Originally Posted by
MainlineFlyer
Some hope though, another CH11 is not off the table. There is no "time limit" before it can happen again, and in CH11 you can be purchased whole. Frontier already made one offer, you guys have a lot to offer to the likes of SW as well, and as much as B6 would probably love to buy you we are broke.
The bondholders would have to agree to that purchase. Why would they allow the parts to be sold cheaply and not get anything out of it? Attached to those assets, which aren't really very valuable, is a bunch of debt. Who's want to pay $2B for Spirit right now? The market cap is currently about $50M.
B6 is the last airline that could buy NK. It would be like catching a falling anvil.