JetBlue Latest and Greatest
06-06-2022, 08:44 AM
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Joined APC: Oct 2017
Posts: 3,002
Originally Posted by RiddleEagle18
thank you for pointing that out I didn’t realize that.
and for any spirit pilots lurking on this page a good video to watch that somebody else pointed out.
https://jetblueoffersmore.com/messag...-team-members/
06-06-2022, 08:51 AM
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Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
Originally Posted by NKSpilot
At this point, I would like for Jetblue to just go away and leave us alone.
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
1is the opinion of spirit. Apparently JetBlue does not agree. And will put the money on it.
we will see
06-06-2022, 09:26 AM
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Joined APC: Feb 2018
Posts: 199
Originally Posted by RiddleEagle18
1) there is no regulatory risk to creating the 5th largest company in a sector.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
Spirit board hired advisors (obviously) on the DOJ part of this puzzle, lead by a former Deputy Attorney General in charge of the antitrust division. The board was advised that the JetBlue offer would never be approved. What is the NK board supposed to do? Ignore that advice and pursue the transaction anyways?
The whole thing is a mirage. Not sure what is worse if JB is delusional or doing this on purpose to break up the Spirit/Frontier merger, as they have been accused by Spirit.
06-06-2022, 09:27 AM
Line Holder
Joined APC: Apr 2022
Position: A320 captain
Posts: 91
Originally Posted by NKSpilot
At this point, I would like for Jetblue to just go away and leave us alone.
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
06-06-2022, 10:46 AM
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
Originally Posted by RiddleEagle18
1) there is no regulatory risk to creating the 5th largest company in a sector.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
You can read his comment as, “I think I’m going to lose some seniority so I just want it to go away”. Smaller carriers usually do better under Alpa merger policy.
06-06-2022, 11:08 AM
Line Holder
Joined APC: Apr 2022
Position: A320 captain
Posts: 91
Originally Posted by RiddleEagle18
1) there is no regulatory risk to creating the 5th largest company in a sector.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
2) the terms are 40% better
3) why would they offer to give up the NEA and pre negotiate with the DOJ. That’s stupid.
350 million break ups pretty much guarantees they will do what’s necessary to make it through.
Why would the spirit board ask for the NEA concession other than just postering for an excuse to save their jobs.
So what about the viability of these hypotheticals
…a stand alone Spirit?
…a stand alone Frontier post B6 - NK acquisition?
…JetBlue acquiring Frontier?
Personally I think Frontier in a post B6 - NK acquisition would do quite well filling the vacuum.
06-06-2022, 11:38 AM
Gets Weekends Off
Joined APC: Sep 2016
Posts: 918
Originally Posted by Halon1211
thank you for pointing that out I didn’t realize that.
and for any spirit pilots lurking on this page a good video to watch that somebody else pointed out.
https://jetblueoffersmore.com/messag...-team-members/
and for any spirit pilots lurking on this page a good video to watch that somebody else pointed out.
https://jetblueoffersmore.com/messag...-team-members/
For anyone that scrolled past it, it's a video of JetBlue CEO addressing Spirit employees.
06-06-2022, 11:51 AM
Gets Weekends Off
Joined APC: Sep 2016
Posts: 918
Originally Posted by NKSpilot
At this point, I would like for Jetblue to just go away and leave us alone.
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
Spirit board already explained the two step process to consider a deal as superior:
1. It has to be viable
2. It has to have better terms
Still can't get past #1 and even doubling the cash offer or breakup fee would not do anything to change it.
Is Robyn offering to give up the NEA yet?
--> which would prove it's an agreement that boosts competition, so no prob with that when going for B6NK.
or Lose
--> NEA goes away and no prob with that when going for B6NK.
That would be squashed way before JB goes to DOJ for B6NK. They can't block it for a reason that is already litigated.
TedTalk on NEA is just to try to justify not taking the deal.
06-06-2022, 12:00 PM
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,512
JetBlue Latest and Greatest
Originally Posted by NKSpilot
It doesn't make any sense that DOJ would allow JB to buy Spirit while simultaneously DOJ is currently in a lawsuit against JB for anticompetitive behavior.
Spirit board hired advisors (obviously) on the DOJ part of this puzzle, lead by a former Deputy Attorney General in charge of the antitrust division. The board was advised that the JetBlue offer would never be approved. What is the NK board supposed to do? Ignore that advice and pursue the transaction anyways?
The whole thing is a mirage. Not sure what is worse if JB is delusional or doing this on purpose to break up the Spirit/Frontier merger, as they have been accused by Spirit.
Spirit board hired advisors (obviously) on the DOJ part of this puzzle, lead by a former Deputy Attorney General in charge of the antitrust division. The board was advised that the JetBlue offer would never be approved. What is the NK board supposed to do? Ignore that advice and pursue the transaction anyways?
The whole thing is a mirage. Not sure what is worse if JB is delusional or doing this on purpose to break up the Spirit/Frontier merger, as they have been accused by Spirit.
“Doing it on purpose to break up spirit/frontier”
Talk about delusional.
A company securing billions in financing and offering to buy another company(with a massive reversal fee) all in hopes that nothing ever happens?
Two options from that,
1) ooops we won and accidentally spent 4 billion?
2) We won, broke up the merger, lost DOJ and spent 350 million to do it? Oh and now nk/f9 can just merge anyways.
Come on man. Does that make any sense at all?
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