Originally Posted by
FriendlyPilot
Spirit's DIP loan is due in July. Its $450M, minus a little for some repayments like the ORD gate sales. That $500M is going out the door over the next 3 months. The bailout isn't to help Spirit, its to help Citadel and the other hedge funds that are owed money. I just wonder if the agreement makes Spirit's assets payable to the US Government in a sale or if they do not supercede the current bondholders interest?
Yeah, but once the government has a stake it won't let Spirit fail. At that point B6 is doomed and I don't feel like Trump would bail us out.