the $280 million is a farce. It’s unsecured “debt”. Secured debt would be paid first on any sale…assuming there’s anything left after that, you could collect. Assuming a F9 sale (let’s be honest, f9 isn’t merging with spirit..if anything they’re buying them) and Knowing Frankie..there will be zero left. I don’t know what the details of that concession provision say but the wording may be very important depending how things shake out.