JetBlue bids for Spirit Airlines
05-21-2022, 04:54 AM
#1091
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,887
Originally Posted by AirBee
What surviving entity? This is not a merger…it’s an acquisition. They would just have to buy stock in JetBlue in two years whenever they finally get a payout and purchase (lucky them) the JetBlue stock at whatever price it is at that time. Which may not even result in them making anything at all once all is said and done.
05-21-2022, 05:04 AM
#1092
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,887
Spirit management basing their post-merger economic forecasts on ZERO labor cost increases for FIVE years is like a stupidity test for investors and employees.
05-21-2022, 07:01 AM
#1093
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
Originally Posted by AirBee
What surviving entity? This is not a merger…it’s an acquisition. They would just have to buy stock in JetBlue in two years whenever they finally get a payout and purchase (lucky them) the JetBlue stock at whatever price it is at that time. Which may not even result in them making anything at all once all is said and done.
05-21-2022, 07:04 AM
#1094
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,002
Can they move the vote up to next week so we can stop discussing this?
05-21-2022, 07:10 AM
#1095
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,887
Originally Posted by nuball5
Can they move the vote up to next week so we can stop discussing this?
😁
05-21-2022, 07:46 AM
#1096
Gets Weekends Off
Joined APC: May 2015
Posts: 459
Originally Posted by Cockpit997
If JetBlue acquires spirit, they are the surviving carrier. I’m not sure why that’s not clear. Why would you say 2 year? When the shareholders vote for it, you’ll get paid.
05-21-2022, 07:50 AM
#1097
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
Originally Posted by FlyGuy2002
not entirely true. The pay out is after all the regulatory process concludes which could be way down the road. If they gave you the $30 immediately then deal falls apart in 18 months, do they come get the $30 back from you? When the deal is finalized by the regulators and they give its blessing, then a date is set and the payout happens. Both BOD of directors have admitted a Lawsuit is a certainty… pushing that date out to to sometime in the future.
It certainly won’t take two years. If they we combining to form a larger carrier than maybe. Not these two.
05-21-2022, 07:53 AM
#1098
Line Holder
Joined APC: May 2022
Position: FO
Posts: 28
Originally Posted by Cockpit997
If JetBlue acquires spirit, they are the surviving carrier. I’m not sure why that’s not clear. Why would you say 2 year? When the shareholders vote for it, you’ll get paid.
So it’s not immediately like everyone on here wants to act like.
We all know what way JetBlue guys in here posting are leaning. So it really doesn’t matter what any person with an outside perspective has. You will argue to the death.
Even though I don’t have a real interest…kinda rooting for Frontier here for no other reason that it will be hilarious to see the screaming and tantrums that will be no doubt thrown.
05-21-2022, 07:54 AM
#1099
Gets Weekends Off
Joined APC: May 2015
Posts: 459
Originally Posted by Cockpit997
It certainly won’t take two years. If they we combining to form a larger carrier than maybe. Not these two.
and also they will have a date of record for shareholders. If you held stock at this ‘date’ you’ll eventually receive the $30. If not, when the AIP is announced then anyone could go buy spirit stock at $19 knowing they’ll get $30 (if deal is finalized).
05-21-2022, 07:57 AM
#1100
Line Holder
Joined APC: May 2022
Position: FO
Posts: 28
Originally Posted by FlyGuy2002
maybe it will maybe it won’t. They are telling us 18-24 months is the likely timeframe. Now you probably don’t Believe that time frame. That’s fair. No way of knowing. But we all know a federal government (DOJ) lawsuit is anything but quick.
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