Originally Posted by
FriendlyPilot
CH11 doesn't make Jetblue a "more attractive merger target" any more than either of the two Spirit CH11 made it more attractive.
Most of Jetblue's $8.5B in debt is secured, which means its tied to the planes. If Jetblue wants to lower their debt, its going to have to give back a lot of planes. They don't just get to write it off and keep the assets. I can't imagine anyone right now that would want to take on all that debt. Jetblue has the highest debt compared to its market share and RPMs of any other airline.
If no one wanted Spirit and their $2B in debt then I can't imagine anyone wanting to take on Jetblue and its $8.5B in debt (and growing). No chance F9 can borrow enough money to buy B6. They are already have a high risk credit rating and Jetblue's credit rating is deep junk.
No administration is going to block any airline mergers for a while after what happened with Spirit, but until someone tries to buy Jetblue it doesn't matter.
How long do you give JetBlue before we go chapter 7? Can I get a LOR from you so I can finally be a United pilot since they’ve already passed on wanting to merge with JetBlue. I guess I need to leave immediately since chapter 11 won’t do anything and no one wants us. Could you imagine if you put your intellect to good use instead of writing in forums? I’d say with your confidence, you should take out a second mortgage and short our stock. Fly for fun at that point.