Spirit board says their executives are meeting with Frankie later today. My guess is that if Frankie won’t help them, they liquidate. I think Spirit is out of options

 

Last week in RGS both CEO and VP flight ops said there is absolutely NO interest in Spirit

 

Why was Jimmy in RGS?

 

So here's the thing...

Do we believe them? Do we trust them? If so, why? If not, why not? Better question might be, at this point, what are our options in terms of how we feel/act toward the company?

Whatever is decided, it needs to be union driven and universal - no dissenting, no second guessing and certainly no "i told you so" after the fact no matter what the outcome.

 

Makes sense. A bunch of old classic airplanes, majority of their pilots at the top of the pay scale, debt, etc. Maybe they’re discussing asset purchases at this point.

 

I agree but let me tell you, if it did happen, NK pilots will be kicking and screaming to take the senior seats from you regardless of the current career expectation.

 

I’m not worried…

 

What would we get with the purchase? I think only really their planes, pilots, and gates....

Gates are important though, and for the right price, buying an airline to get access to gates/slots could be a thing. But would it be worth the hassle over just offering to buy pieces without a full merger?

 

No, absolutely not. The financially smart decision is to avoid anything that ALPA could categorize as an acquisition which would result in a SLI. A new hire is much cheaper than a 12 year CA. And F9 cannot afford the debt either.

 

never trust them. The company will always do what they think will return the most money. If the bean counters say a decision save/makes money, that is the path, regardless of impact on people. Just know you are an expense on the books, not an asset in the minds of an account.

If f9 can get NK for a good price, they will buy it, if F9 thinks they would lose money, they will not. It never matters if there is current "interest", it matters of there is an opportunity. You may not be interested in owning gold, but if someone sold you gold at 1/10 of market, i bet you would become interested in gold.

We always need to remember to fly the contract, let the company deal with issues outside the cockpit, and any favor you do for them will never be returned in kind. Dont be an abused wife and think, " this time they will change since I showed them so much good will". They will beat you again if that is what it takes for them to save/make a dollar.