Originally Posted by StopBeingWhimps

This really doesn't matter.. it matters to the average Joe americans, but in the financial world (Wall St) They live in a different world. I have the experience in finance, business in the cesspool they call Wall St for 5yrs before I left that corrupt cesspool to get back to my passion of flying. The money isnt everything to me... i continue to keep close contacts with my friends at my last firm i worked at. Spirit is getting acquired... new lines of credit will continue to come. You DO NOT hire PJT Partners if you are closing up shop. The Bond Holders have made it clear that they are not liquidating this company under a Chapt 7 filing. Alot of people dont realize that the worse Spirit gets, the more lucrative Spirit becomes to a potential buyer. The buyer and Spirit can do a prepackaged Chapt 11 363 sale, take the planes, slots, gates and restructure the debt and take over. Bottomline is everything is negotiable during an acquisition... and the bankruptcy laws will greatly benefit the new buyer to shed, restructure debt. So much happens behind the scenes that you don't read on the "newzzzz"

I say to all the guys on the fence in leaving, make that decision with your family, not a bunch of pilots of APC... they dont know squat!

Originally Posted by LNAVVNAVPATH

Frontier can be the stalking horse for the 363, but the bid will still have to go out publically which means they will get out bid. There is no legal path for a final “prepackaged” sale to Frontier at a massive discount.

Also, the 363 sale, if it goes this way, won’t be the entire airline. Thank god our genious negotiators left Fragmentation out of Scope during our 2018 CBA.

Whether we get fragmented and sold off in a 363 or liquidated and converted from a 11 to a 7, the outcome for many here will be the same.

Furloguhed and forced to start over somewhere else .