So let me see if I understand the government’s proposal………. Spirit is in debt in excess of 2 billion dollars with no real chance of servicing that debt with a drastically reduced fleet and route structure. In the first bankruptcy the creditors agreed to terms that put them at the top of the list to be paid in the event of liquidation. Now, the government rolls in and offers to give Spirit $500 million in exchange for a 90% ownership stake in the company and to be put at the top of the list of creditors to protect their investment. The plan is to basically flip the company when fuel prices stabilize, and with a 90% ownership stake they would drive the price and terms of a potential sale which would screw the current creditors. Given this, why in the hell would they agree to this? Their only interest is in money. Trumps interest is only in giving Spirit enough cash to burn through the midterms so that he can claim sole responsibility for saving jobs and protecting low cost travel. The flip side is he’s desperately trying to avoid giving the Democrats the narrative that his war in Iran is what killed an airline. What am I missing?

 

IMO he could easily just blame the Democrats and the DOJ for NK being where they are now.....

 

Nope. Still grifting. Sits on the Qantas board and occasionally plays the part of airline management genius on podcasts. The latter is hilarious.

 

Very persuasive character. A weekend huddle with Musk, bada bing, Spirit of Elon

 

Spirit has been withering on the vine, a long time before the start of the new endless war.

 

Wonder how close the feds are to pulling our cert

 

That is factually correct. This has been coming for years for numerous reasons, but the political optics will be that it ended on Trump’s watch. The Democrats will conveniently leave out all of the other factors that led to this and plaster the airwaves blaming Trump’s war on Iran for killing an airline, putting thousands of people out of work, and the rise in airfares. If the roles were reversed the Republicans would follow the same script. Politics is about feelings and optics, not facts.

 

That could be a politically clean kill. Everyone can say they tried their best but the FAA decided they had enough.

 

https://www.wsj.com/business/airline...apart-5a2d5936

It's over

 

Anyone have the non-paywalled article they can copy&paste?