Originally Posted by
LNAVVNAVPATH
There won’t be an asset sale to Frontier. Of the 206 airplanes, only 48 of them are owned, the rest are leases. Those leased airplanes will be taken back by the leasing companies and re-leased in Asia at a premium. The 48, many of those don’t have engines and are parked out in Phoenix. Airlines aren’t rushing to buy NEOs that are missing 2 engines. The Hangars in Detroit and Houston will get sold, our HQ and Traning Center will be offered up to Atlas, the Legacies will make a run at FLL Terminal G, and the rest will be carved up and auctioned off by the creditors committee. Spirit is no longer in control of its own destiny.
I agree with most of this except the NK certificate is more valuable than the F9 one. The FSDO situation echoes the previous statement.