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Spirit liquidation rumored this week

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Old Yesterday | 06:19 PM
  #131  
Gets Weekends Off
 
Joined: Dec 2019
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Originally Posted by FriendlyPilot
This is the timeline:

Spirit gets $500M from .gov
Spirit owes $450M in DIP repayment by July 14th.
Spirit hands over $450M to Citadel etc in July to pay off their DIP
Spirit is out of cash again.

The bailout is for Citadel and not Spirit.
winner winner chicken dinner…
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Old Today | 07:16 AM
  #132  
awacs's Avatar
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Joined: Jan 2007
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From: Out of the sim, back in the real!
Default Risk

Spirit can risk its own money, not the tax payers. Some old lady on Social Security should not have her Social Security taxed to give it to Spirit.

Let alone anyone’s tax money.
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Old Today | 07:27 AM
  #133  
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Joined: Feb 2020
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Originally Posted by awacs
Spirit can risk its own money, not the tax payers. Some old lady on Social Security should not have her Social Security taxed to give it to Spirit.

Let alone anyone’s tax money.
$500 million is nothing to the fed they probably spent that much while I was typing this. Its not like it even makes a difference in the debt bucket.
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