Originally Posted by
ChinaDenver
Facts matter. Spirit approached the administration and begged for help. Trump wanted to assist although it would have to be Congress to pass the legislation and appropriate any money. Apparently, Spirit's bond holders won't agree to be subordinate to the govt in terms of debt repayment. If you're gonna blame anyone, blame the BIDEN ADMIN for suing to stop Spirit's merger with Jet Blue.
There was absolutely no way JB would have gone through with the merger; not a chance. They saw the writing on the wall long before that trial was decided. They'd both be in BK and possible liquidation by now.
Stop using this excuse and blame the real parties responsible for this meltdown...Management, plain and simple! Did you ever hear Trump say even one time that he needed congressional approval for a deal? No you didn't. This was a PR stunt plain and simple and a few in the know probably made some quick cash manipulating the stock.
So yes, Kirby "Was Right". His timing was just off by a few months. Anyone with a basic business degree could see this coming a mile away.