Originally Posted by Hedley

So let me see if I understand the government’s proposal………. Spirit is in debt in excess of 2 billion dollars with no real chance of servicing that debt with a drastically reduced fleet and route structure. In the first bankruptcy the creditors agreed to terms that put them at the top of the list to be paid in the event of liquidation. Now, the government rolls in and offers to give Spirit $500 million in exchange for a 90% ownership stake in the company and to be put at the top of the list of creditors to protect their investment. The plan is to basically flip the company when fuel prices stabilize, and with a 90% ownership stake they would drive the price and terms of a potential sale which would screw the current creditors. Given this, why in the hell would they agree to this? Their only interest is in money. Trumps interest is only in giving Spirit enough cash to burn through the midterms so that he can claim sole responsibility for saving jobs and protecting low cost travel. The flip side is he’s desperately trying to avoid giving the Democrats the narrative that his war in Iran is what killed an airline. What am I missing?