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Old Yesterday | 06:53 PM
  #15  
FriendlyPilot
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Joined: Sep 2020
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Originally Posted by havoste
Excellent news for employees.

Hopefully it is finalized soon and not just a pump and dump play.
This isn't excellent news for employees. Spirit has a $450M DIP financing payback due July 14th. This $500M will be gone by July because they are going to pay the creditors with the money. Its not going ot help the business.

Also its not finalized. Its been highly objected to by almost every member of Congress. There will be will a ton of pressure on the Administration to not go ahead with a deal. I don't believe its going to happen, ultimately.
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