Pretty sure most of the planes are encumbered, so that isn't really possible.

They're leased and will come over with the leases. Those owned by Spirit will be severed from encumbered debt through a 363 asset sale.

lol wutttttt? Lol

you understand there’s some massive differences between us an Skywest right?

No? Doesn’t surprise me.

Even Republic didnt understand the differences between us and them. Lol

If Frontier buys over 51% of assets, you are taking the unionized employees as well onto your seniority list per McCaskill Bond. Then you will do an SLI in accordance with ALPA merger policy.

If your holding company buys Sprit and tries to do this the same thing applies per case law.

Only if Frontier buys less than 50% of the total assets can they choose to not bring over any employees.

It is really pointless to speculate on what frontier will do at this point. The one thing we know is this. They have been orchestrating this possible scenario for a long time. In the end of the day, they will and are making moves that directly benefit them and them alone. Whatever they need to do to manipulate the situation for them they will do. I am sure they are meticulously reviewing exactly what lines they need to stay between to influence the exact outcome they want. Unfortunately, this will not benefit any of us. What is good for us, cost them money. Hold on, I think we are about to see just how manipulative this group can really get.

Its something like 78 financed and 28 leased currently over at spirit.

Yes, this.

A merger/acquistion is 50.1% of the company's assets (whatever those assets may be). It's difficult to know exactly what Spirit owns vs. what they rent but there isn't really that much that they possess that F9 needs. Acquiring a training facility (whether it's owned or leased), some offices, maybe a few sims and some aircraft leases is only attractive if obtained pennies on the dollar. TBH, the last thing F9 needs is aircraft and pilots aren't really a problem now either. Most NK pilots already have apps out and would probably be gone by the time it takes for a full SLI.

F9 needs gates more than anything else.

The leased planes are capitalized on Spirit's balance sheet. Even though they don't own them, they are assets attached to Spirit. Just like Spirit's liabilities includes the leases.

So whether those planes are leased, owned or financed, they are all "assets", per se, and part of the calculation of the total %.

How deep are the furloughs and downgrades at NK and how would it affect a JCBA and SLI if a merger is announced?

Had north of 3500 pilots at Spirit when this started. Down to about 2100 by month end. How many are furloughed vs resigned I’m not sure exactly. Furlongs have been stapled I believe in past seniority list integrations.

Does Frontier ALPA have a merger fund you’ve been building. I think Spirit ALPA has about $2million for the cause.