Spirit liquidation rumored this week
04-27-2026 | 06:35 AM
#151
weekends off? Nope...
Joined: Apr 2014
Posts: 2,426
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Or too big now to be pushed through without major backlash.
04-27-2026 | 07:41 AM
#152
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Joined: Dec 2018
Posts: 1,166
Likes: 62
From: 737 CA
This might very well be the play for F9 and Avelo. It could be a win-win strategy. Either the government shells out the money and other ULCCs get a government cash infusion, or it shuts the door on the entire idea to all airlines putting the final nail in Spirt’s coffin - eliminating a major competitor for Frontier and Avelo.
Last edited by TOGALOCK; 04-27-2026 at 08:15 AM.
04-27-2026 | 07:51 AM
#153
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Joined: Dec 2023
Posts: 398
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This might very well be the play for F9 and Avelo. It could be a win-win strategy. Either the government shells out the money and other ULCCs get a government cash infusion, or it shuts the door on the entire idea to all airlines putting the final nail in Spirts coffin - eliminating a major competitor for Frontier and Avelo.
04-27-2026 | 07:55 AM
#154
weekends off? Nope...
Joined: Apr 2014
Posts: 2,426
Likes: 159
This might very well be the play for F9 and Avelo. It could be a win-win strategy. Either the government shells out the money and other ULCCs get a government cash infusion, or it shuts the door on the entire idea to all airlines putting the final nail in Spirts coffin - eliminating a major competitor for Frontier and Avelo.
04-27-2026 | 02:36 PM
#156
Gets Weekends Off
Joined: Nov 2011
Posts: 4,164
Likes: 90
From: Volleyball Player
It was a small price to pay to save the entire auto industry. Also it was about a 10% loss so much of the funds were recovered.
If the deal is the government can get first dibs on the money to recoup their investment I am okay with it. I blame the creditors just as much as the government for the situation that Spirit is in.
If the deal is the government can get first dibs on the money to recoup their investment I am okay with it. I blame the creditors just as much as the government for the situation that Spirit is in.
Saving the “entire industry” is something other than capitalism.
04-27-2026 | 02:51 PM
#158
Banned
Joined: Mar 2026
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Governments are supposed to operate in debt its not house hold finances where the goal is to get out of debt/have none. When the government bailed out the auto manufacturers people said it was terrible yet the goverment got paid back with interest and millions of jobs were saved
04-27-2026 | 04:46 PM
#159
On Guard
Joined: Oct 2021
Posts: 33
Likes: 2
According to this the U.S. Treasury says they got all their money back from GM. I think Chrysler filed for bankruptcy at the time though. A quick Google search says that $70B was paid back out of $79B. I'm not sure I'd call that "no payback."
https://home.treasury.gov/news/press-releases/tg650
https://home.treasury.gov/news/press-releases/tg650
04-27-2026 | 06:46 PM
#160
Gets Weekends Off
Joined: Mar 2018
Posts: 3,680
Likes: 245
According to this the U.S. Treasury says they got all their money back from GM. I think Chrysler filed for bankruptcy at the time though. A quick Google search says that $70B was paid back out of $79B. I'm not sure I'd call that "no payback."
https://home.treasury.gov/news/press-releases/tg650
https://home.treasury.gov/news/press-releases/tg650
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