I seem to recall the current owners, the previous bondholders, were against an acquisition by Frontier. I wonder where the leaseholders and creditors stand this time around.
My default assumption is the super majority of leaseholders and creditors want a liquidation. As Scott Kirby says, he can do math, so I imagine they can too. Just a question of what the timeline is before Spirit loses control of the bankruptcy and the creditors/leaseholders force it into chapter 7 liquidation.
Sorry guys, rooting for you all to land on your feet somewhere.