Originally Posted by taketheshot

An acquisition could take many forms, likely increased investment from an outside source and complete renegotiation of the debt they owe for an equity stake in the new combined entity. Of course we wouldn’t just take their debt and let them sink us.. who would possibly do that? Think about it for a couple seconds before you react and type. Why do you think they turned down our most recent offer in Chapter 11? Because it made perfect sense for F9 and no sense to NK. We won’t do a deal that’s bad for us. The reason people keep talking about it is because it would be great to double the size of our pilot group and have some reasonable scale and share of the leisure market. They say two dead batteries still won’t start a car. That’s not true, you can take two batteries connect them in series and get ignition. That would be the goal with NK+F9, economy of scale. Of course we wouldn’t just assume their current operation it’s horrible, I we all hate mgmt but give them a shred of credit.

Edit: and we also wouldn’t be subject to their holdback as a merged entity.