Search
Notices

In the courtroom.

Thread Tools
 
Search this Thread
 
Old 02-10-2024, 09:41 AM
  #1051  
Gets Weekends Off
 
Joined APC: Jan 2024
Posts: 143
Default

Originally Posted by CatPilot1 View Post
Please understand ‘the 500’ won’t be going to JetBlue. They’ll be going to the competition. They need a purchase to guarantee staffing for growth. Additionally, ‘buying assets in bankruptcy” will also include competition for said assets. This has been stated over and over from the beginning.
just saying their are pilots available. And we don’t need to purchase all of the assets. Just some.
Wasntme is offline  
Old 02-10-2024, 10:12 AM
  #1052  
Line Holder
 
Joined APC: Feb 2016
Posts: 97
Default

Originally Posted by CatPilot1 View Post
Please understand ‘the 500’ won’t be going to JetBlue. They’ll be going to the competition. They need a purchase to guarantee staffing for growth. Additionally, ‘buying assets in bankruptcy” will also include competition for said assets. This has been stated over and over from the beginning.
Not necessarily—there could be a pathway where Sundown Holdings fragments, then does a debtor-in-possession bankruptcy on the Spirit entity, financed by JetBlue. The mechanics of that would be extremely complicated though w/the DOJ ruling, so I’m not sure whether there’s actually a pathway to pull that off.

Essentially, JetBlue would position itself as Spirit’s main creditor (hopefully for something less than 3.8 bil), by guaranteeing all of its debts, lease payments, etc.. Then JB would be in the drivers seat on how the yard sale is conducted.

I would be shocked if this isn’t something being discussed as a plan B: maybe JB isn’t that savage, but if the government is going to use the court system the way they have, there are other avenues to getting “the stuff” out of Spirit.
DontCallMeCindy is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Halon1211
Spirit
287
01-31-2024 05:28 PM
cactiboss
American
3154
06-25-2014 10:54 AM
JetJock16
Major
334
01-25-2010 06:58 AM
vagabond
Hangar Talk
165
09-01-2006 04:40 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices