Originally Posted by
FriendlyPilot
This is an easy one. There is no value there and you are just buying $2B in debt that has to be satisfied. There are no assets and integrating crews, reconfigurating planes, etc would be painful. The most likely choice is that everyone is waiting for the CH7 liquidation to buy some assets at a discount without the debt of the whole enterprise. Probably some gates and possibly planes. This is why the other airlines stocks were up 10% yesterday and Spirit was down 40%. Nobody will "acquire" Spirit because its not actually cheap. Its incredibly expensive. The best thing for any airline would be its largest competitor buying Spirit in whole. It would be a huge drag on their business.
Good thing you are on the Spirit and Jet Blue forums enlightening all with your vast knowledge of airline mergers and economics./s
You were at United while it was teetering in bankruptcy. Think about how you would have felt when reading “hard truths” from a pilot employed by a profitable carrier. I’m guessing you would have appreciated it as much as the NK and B6 folks do now.