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Spirit[Assets]: [Delta] Has Entered The Chat
#11
Thread Starter
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Joined: Mar 2018
Posts: 671
Likes: 104
From what I understand, Delta has been using their order book of NEOs to create a bow wave to get ahead of the inspections. If they can get their hands on airplanes(or just their engines), they can bring more of the parked, fleet ready, engineless new planes onto the line while the Spirit NEOs go through standardization
#12
On Reserve
Joined: Aug 2021
Posts: 81
Likes: 21
Would you prefer the already liquidating Spirit was unable to sell their assets? Delta is no worse or better than any other potential buyer of whatever asset they might be interested in.
#13
Gets Weekends Off
Joined: Jul 2022
Posts: 2,294
Likes: 1,203
#14
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Joined: May 2017
Posts: 1,946
Likes: 110
Found the claims…
Delta was providing ground handling services (CRE/ACS) and subleasing airport space to Spirit at BWI under interline/service agreements. When Spirit went bankrupt, it left $381,966 in unpaid bills. Delta filed a proof of claim to get in line as a creditor to recover that money.
So the May 13 Notice of Appearance wasn’t about asset acquisition — it was debt collection, ensuring Delta stays informed as the liquidation proceeds and its claim gets addressed.
https://ec-p-cus-ewf-ecb-sync-fnc.az...GetImage/76022
Delta was providing ground handling services (CRE/ACS) and subleasing airport space to Spirit at BWI under interline/service agreements. When Spirit went bankrupt, it left $381,966 in unpaid bills. Delta filed a proof of claim to get in line as a creditor to recover that money.
So the May 13 Notice of Appearance wasn’t about asset acquisition — it was debt collection, ensuring Delta stays informed as the liquidation proceeds and its claim gets addressed.
https://ec-p-cus-ewf-ecb-sync-fnc.az...GetImage/76022
#15
Line Holder
Joined: Oct 2021
Posts: 1,331
Likes: 385
Found the claims…
Delta was providing ground handling services (CRE/ACS) and subleasing airport space to Spirit at BWI under interline/service agreements. When Spirit went bankrupt, it left $381,966 in unpaid bills. Delta filed a proof of claim to get in line as a creditor to recover that money.
So the May 13 Notice of Appearance wasn’t about asset acquisition — it was debt collection, ensuring Delta stays informed as the liquidation proceeds and its claim gets addressed.
https://ec-p-cus-ewf-ecb-sync-fnc.az...GetImage/76022
Delta was providing ground handling services (CRE/ACS) and subleasing airport space to Spirit at BWI under interline/service agreements. When Spirit went bankrupt, it left $381,966 in unpaid bills. Delta filed a proof of claim to get in line as a creditor to recover that money.
So the May 13 Notice of Appearance wasn’t about asset acquisition — it was debt collection, ensuring Delta stays informed as the liquidation proceeds and its claim gets addressed.
https://ec-p-cus-ewf-ecb-sync-fnc.az...GetImage/76022
That's not to say DAL isn't on the hunt for deals though, as would anyone else in the industry. Spirit has/had assets that need to be liquidated, and that requires buyers. That's how the debtors get some of their money back. DAL is also potential buyer of assets, no surprise there.
#19
Gets Weekends Off
Joined: Feb 2008
Posts: 20,883
Likes: 198
Nice find! And it makes sense. Might even be some other loose ends out there. This all sounds and feels like "part of the process", and nothing more.
That's not to say DAL isn't on the hunt for deals though, as would anyone else in the industry. Spirit has/had assets that need to be liquidated, and that requires buyers. That's how the debtors get some of their money back. DAL is also potential buyer of assets, no surprise there.
That's not to say DAL isn't on the hunt for deals though, as would anyone else in the industry. Spirit has/had assets that need to be liquidated, and that requires buyers. That's how the debtors get some of their money back. DAL is also potential buyer of assets, no surprise there.
#20
Can you lay off of him? I get you don’t like that he’s posting here as a retiree, but there was nothing wrong with his post. It looks like you’re attacking him for the sake of it at this point.
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