Originally Posted by
Noisecanceller
This was released a week ago. Spirit management just talking out their rear. “Multiple Counterparties” doesn’t mean airlines necessarily and doesn’t mean they are anywhere close if it’s multiple.
Very true. At this point NK management sees the writing on the wall and are trying to increase value or any sort of bidding war for assets(however limited). Based on previous reports their leases are too expensive and their business model ensured they owned very little. 475 mil with 200 up front and the remainder in installments based on metrics does not appear to sustain them for long.