Why'd the Mods close the Spirit/JB threads
07-04-2022, 02:33 PM
#52
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Joined APC: Oct 2019
Posts: 983
Originally Posted by Ratm0820
Why makes you think it won’t happen?
07-04-2022, 02:42 PM
#53
Covfefe
Joined APC: Jun 2015
Posts: 3,001
Originally Posted by Roy Biggins
The Spirit BOD is completely against it. Frontier could always raise their offer. Spirit could decide to just stay independent. TC and his cronies want a payout, which I sincerely hope JB doesn’t give in to. I also don’t want JB to up their offer. As it stands, it looks like it would take the removal of TC or a ton of pressure put on him by the shareholders. Lot of obstacles still in place.
07-04-2022, 03:00 PM
#55
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Joined APC: Oct 2019
Posts: 983
Originally Posted by BeatNavy
If F9 could afford to up their offer they likely would have by now. Maybe tomorrow or Wednesday they will, but I doubt it. And who cares if NK board is against it. Shareholders are what matter, not Ted and board. Ted will get paid either way. And NK staying independent isn’t happening. Not with a 50% premium offer on the table.
07-04-2022, 03:10 PM
#56
Covfefe
Joined APC: Jun 2015
Posts: 3,001
Originally Posted by Roy Biggins
All I’m saying it’s not a forgone conclusion. I would like to see JB acquire Spirit. If they end up with Frontier, that’s fine. The only thing I don’t wanna see is that Schlep rock Ted Christie get paid out.
07-04-2022, 06:42 PM
#57
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Joined APC: Sep 2017
Position: NK CA
Posts: 826
Originally Posted by BeatNavy
I mean, I’d like to see B6 remain independent (or acquire AA lol), but I’m 69% sure NK is a foregone conclusion. If NK ends up with F9, great. At least I won’t get effed in an SLI. And yeah Ted Christie will get paid either way. That’s just what CEOs do. But that’s all pilots want to do too. So…
07-04-2022, 07:40 PM
#58
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Joined APC: Sep 2016
Posts: 918
Originally Posted by Lincoln Osiris
What I also find interesting is Robin said they were looking at making an offer for Spirit right before covid. And the share price back then was around $40ish dollars. So if Goldman Sachs is loaning most of the money then that means back then they were potentially willing to loan out way more money than what's being put on the table right now? At least that was my thinking.
But then again, since NK is worth less than what the shares were in 2020, would Goldman Sachs want to give a loan of $40 a share for a company that, in today's dollar, is worth less than that? It's a business transaction though so I guess they will probably evaluate if B6 would be good for it without going BK. Anyway, I'll leave that to them, the professionals, because I don't know how they'd look at that.
07-04-2022, 08:34 PM
#59
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Joined APC: Aug 2016
Position: Relaxed
Posts: 6,948
Originally Posted by Excargodog
About like SLI threads go on any merger or acquisition. Not only do Virgin and legacy Alaska pilots continue the argument, but former Continental and Legacy United pilots do as well. Not sure the NWA and Delta pilots have totally buried the hatchet over their SLI either, and those two mergers were what? 14 years ago?
Why should B6 and NK be any different. Pilots LOVE to feel like the aggrieved party.
Why should B6 and NK be any different. Pilots LOVE to feel like the aggrieved party.
07-05-2022, 04:39 AM
#60
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Joined APC: Aug 2011
Position: Slightly less broke side of RJ
Posts: 132
Originally Posted by Lincoln Osiris
What I also find interesting is Robin said they were looking at making an offer for Spirit right before covid. And the share price back then was around $40ish dollars. So if Goldman Sachs is loaning most of the money then that means back then they were potentially willing to loan out way more money than what's being put on the table right now? At least that was my thinking.
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