Originally Posted by
FriendlyPilot
So its not a merger with Frontier. Its still just Spirit but with a different owner. This way if it fails Frontier isn't burdened by the debt nor the employee bloat from bringing over all the employees. Indigo could just sell assets to Frontier and not transfer any employees over.
My question is why do the bondholders of Spirit just have the assets go somewhere else and not liquidate them to replay what they are owed?
it could be a merger, just one on Franke’s timeline. Or Franke could sell off the pieces he wants to Frontier and scrap the rest, including the pilots. Cheaper to hire new pilots on the bottom of our pay scale than it would be to have an SLI and bring guys over at the top. Knowing Franke it’s something he would do. He hasn’t forgotten they went on strike on him and he’s petty enough for pay back. Teach us F9 guys a lesson as we continue our negotiations, too. Yeah, I’m a pessimist this morning.