Jet blue wants us now

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06-10-2022 | 10:43 AM

#1151

LoopsMcDoops

Gets Weekends Off

Joined: Mar 2016

Posts: 172

Likes: 0

From: 320 Captain

Quote:

Originally Posted by SaintNick

Frankie’s offer was hardly any cash at all anyways. How much does he cherish his cash?

Town hall

.....announcement of some kind is imminent. Whatever that is...don't know.

06-10-2022 | 10:53 AM

#1152

FNGFO

Line Holder

Joined: Jan 2018

Posts: 1,839

Likes: 3

Quote:

Originally Posted by LoopsMcDoops

Town hall

.....announcement of some kind is imminent. Whatever that is...don't know.

Meh. Just informational bs to calm the natives who aren’t that restless to begin with.

06-10-2022 | 10:57 AM

#1153

Bluedriver

The REAL Bluedriver

Joined: Sep 2011

Posts: 6,935

Likes: 0

From: Airbus Capt

Quote:

Originally Posted by IWalkJun12

only play Ted has. Drive up labor so high with the hopes B6 backs down. Screws Franke too though.

And what if JB backs down and Frankie doesn't want that high labor cost contract? Ted stuck paying the bill.

06-10-2022 | 11:05 AM

#1154

FlyGuy2002

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Joined: May 2015

Posts: 490

Likes: 41

Another interesting play would be if spirit was securing financing to buy frontier. Wouldn’t that be a curveball. Instead of 52/48 ownership percentage in favor of F9.. swap those and spirit become 52% owner .. end result is the same . The two airlines that want a marriage get one.
Both board of directors would approve .. it would be essentially be the same deal and then the shareholders don’t Matter ..

robins only play would be then to try a hostile bid for frontier.. and indigo I believe is major shareholder there and would never allow it.

06-10-2022 | 11:05 AM

#1155

LoopsMcDoops

Gets Weekends Off

Joined: Mar 2016

Posts: 172

Likes: 0

From: 320 Captain

Quote:

Originally Posted by FNGFO

Meh. Just informational bs to calm the natives who aren’t that restless to begin with.

We will see 😉

06-10-2022 | 11:08 AM

#1156

BunkerF16

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Joined: Mar 2012

Posts: 1,169

Likes: 26

Quote:

Originally Posted by LoopsMcDoops

We will see 😉

When's the town hall? Open link or internal comms?

06-10-2022 | 11:27 AM

#1157

CincoDeMayo

That/It/Thang

Joined: Aug 2020

Posts: 3,502

Likes: 368

Quote:

Originally Posted by LoopsMcDoops

Town hall

.....announcement of some kind is imminent. Whatever that is...don't know.

You think a town call, the same kind that discuss facial hair, will be the place for announcing a multi billion dollar merger with another airline? This is simply Teddys response to the message Robin sent to the employees of Spirit

06-10-2022 | 11:28 AM

#1158

Lakeaffect

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Joined: Jan 2015

Posts: 467

Likes: 70

Quote:

Originally Posted by FlyGuy2002

SAVE stockholders would approve a hostile takeover of B6 before that could happen I think. Making it not possible

06-10-2022 | 11:32 AM

#1159

IWalkJun12

Gets Weekends Off

Joined: May 2010

Posts: 429

Likes: 0

Whatever it is I hope it’s soon. It’s apparent our mgmt has intention in running an airline anymore.

06-10-2022 | 11:35 AM

#1160

FlyGuy2002

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Joined: May 2015

Posts: 490

Likes: 41

Quote:

Originally Posted by Lakeaffect

SAVE stockholders would approve a hostile takeover of B6 before that could happen I think. Making it not possible

Spirit shareholders have until end of June to tender their shares .. and I have serious doubts they’ll get the 51% they desire. Cancel the agreement in principal with frontier as the acquiring airline before the end of June. and enter a new AIP with frontier as us as the purchasing airline.. I Believe there is a fee to pay frontier in that case but it’s not terribly large .. and then assuming JetBlue doesn’t get the 51% shares .. what’s would be there move ? They can’t stop us from buying another airline…