howzitchina

Well said.

BeatNavy

If the shareholders vote against the F9 deal, it still isn’t over, and it isn’t necessarily still B6 at that point. Franke can still offer more. If I’m not mistaken, this vote on June 10th is only about the F9 deal, packaged as originally advertised, and has nothing (directly) to do with the B6 deal. As a SAVE shareholder, even if I wanted it to go to F9, I’d want a sweeter deal since the share prices have been hammered, and the value of the deal has thusly decreased. So I’d vote no, force Franke to up his offer, and if that never happened, take the gains that would occur from the B6 deal (ie $33/sh minus the value of time/uncertainty that would be subtracted until the deal were to close), sell the stock, then buy ULCC if that was where I wanted to place my bets.

So, it’s still not fully decided on June 10th. Franke hasn’t upped his offer because he hasn’t needed to—yet. He will wait until he has to—just like B6 will wait until they have to drop either the NEA or spirit. Until then, they will try for both and claim they think both will separately be approved. Even if B6 doesn’t think that is likely, they won’t say as much until the DOJ opines.

Lakeaffect

Ted Christie is looking pretty defensive and desperate in his interviews on CNBC. He looks scared

Directautogroup

Lots of emotion from Ted. I'm sure Bill Franke (the self proclaimed Warren Buffet of airlne stocks) has told him in no uncertain terms that if he doesn't get this deal done he will be back at the regionals performing CFO duties.

FNGFO

Hes getting a massive payout either way.

I think the Spirit board got caught making a sweetheart deal amongst buddies with nice perks for themselves, and are nervous about it. Or everything is on the up and up and it’s amateur hour as they try to play with the big boys and navigate this whole thing while poorly managing their narrative.

Cyio

And poorly managing the airline while they're at it.

ReserveCA

Sure sounds like the NK CEO is telling JB to pound sand!
I wonder if he has any pull with the shareholders?

FNGFO

Yeah. That has been a certainty for a while.

Steelers

My gut says $30 a share in a down market has more pull. All he can do is news and write letters, the more he speaks the more nervous he seems.

Ted ‘s response to ALPA’s letter should be interesting.

Cyio

If he even bothers to respond to that letter. Is there some bylaw that states he must, I dont think so?