Originally Posted by
Crjdeuce
PJT got the T-Mobile/Sprint merger approved. Someone will end up buying Spirit, and this time the merger will go through. My best guess is either Frontier or Southwest. Don’t forget Southwest almost bought Frontier in 2009 during their ch11, Republic only won that deal because SWAPA and ALPA couldn’t work out an integration.
Thats not why the deal didn’t go through. Really played little to no part. The creditors committee (airbus was one and swa said publicly pre auction they would park all Airbus) wanted to go with rep for that and a few other reasons. Swa also mentioned publicly all non union employees would be layed off during major recession.
Personally my guess is swa just wanted to see F9’s books so they started making public statements to tank a deal.They were fairly new to the Denver market at the time. It’s either that or their legal department was incompetent.