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Old 06-02-2022 | 05:41 PM
  #891  
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Originally Posted by FlyGuy2002
Anyone get a phone call from 3rd Party JetBlue affiliate today? I got a call today from ‘JetBlue’ asking me to tender my shares. I told her I work for spirit and im an absolute NO. I told her To tell them to go knock on someone else’s door.. she chuckled and said she’s just the messenger.. curious if anyone else got the same ?

the ISS report largely pointed at the 200 million breakup fee from B6. Frontier countered with 250. So as of now spirit will get money if either deal falls thru.. that’s more or less even now ..

So do I want double my shares in potentially the 5th largest airline or do I wanna wait to see if I get $30 in 18-24 months?

as an employee I’m not willing to risk what may happen to my seniority for a $6.00 premium. I’ll play the long game and see what 2x shares gets me down the line .. easy choice .
Who do you keep trying to justify this to? No one is listening anymore.
Old 06-02-2022 | 05:47 PM
  #892  
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Originally Posted by Halon1211
Jetblue is poised to announce an increase to $43 per share tender offer Friday…. It’s going to come down to a last minute bidding war…EBay style.

source: Steward in the crew room.
Well I heard at the FBO in NY I am at tonight…its gonna be 50!! Wooo boy! You boys gonna be rich!
Old 06-02-2022 | 06:46 PM
  #893  
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The new frontier break up fee just highlights the NK boards failure to use the initial JB offer as leverage to secure a better offer from frontier.

It took a hostile takeover offer, and likely institutional investors tendering or threatening to tender, for frontier to even offer a break up fee. A fee neither airline even needs to offer. There are no grounds to deny a merger that creates the 5th largest company in an industry.

Last edited by RiddleEagle18; 06-02-2022 at 06:57 PM.
Old 06-02-2022 | 07:01 PM
  #894  
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Originally Posted by FlyGuy2002
Anyone get a phone call from 3rd Party JetBlue affiliate today? I got a call today from ‘JetBlue’ asking me to tender my shares. I told her I work for spirit and im an absolute NO. I told her To tell them to go knock on someone else’s door.. she chuckled and said she’s just the messenger.. curious if anyone else got the same ?

the ISS report largely pointed at the 200 million breakup fee from B6. Frontier countered with 250. So as of now spirit will get money if either deal falls thru.. that’s more or less even now ..

So do I want double my shares in potentially the 5th largest airline or do I wanna wait to see if I get $30 in 18-24 months?

as an employee I’m not willing to risk what may happen to my seniority for a $6.00 premium. I’ll play the long game and see what 2x shares gets me down the line .. easy choice .
Nice job tough guy
Old 06-02-2022 | 07:04 PM
  #895  
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The sun will rise in the East, and set in the West.

Bitcoin is worthless.

Miatas are NOT sports cars.

Mic drop.
Old 06-02-2022 | 07:13 PM
  #896  
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If you guys want to read into something, then…. why was it a “white” card offer from Spirit?? The blue card offer from JetBlue makes sense, but a white card from Spirit??? Maybe that means it’ll be Frontier branding with white planes?? Or, am I reading too much into it??
Old 06-02-2022 | 07:58 PM
  #897  
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Originally Posted by FlyGuy2002
Anyone get a phone call from 3rd Party JetBlue affiliate today? I got a call today from ‘JetBlue’ asking me to tender my shares. I told her I work for spirit and im an absolute NO. I told her To tell them to go knock on someone else’s door.. she chuckled and said she’s just the messenger.. curious if anyone else got the same ?

the ISS report largely pointed at the 200 million breakup fee from B6. Frontier countered with 250. So as of now spirit will get money if either deal falls thru.. that’s more or less even now ..

So do I want double my shares in potentially the 5th largest airline or do I wanna wait to see if I get $30 in 18-24 months?

as an employee I’m not willing to risk what may happen to my seniority for a $6.00 premium. I’ll play the long game and see what 2x shares gets me down the line .. easy choice .
once spirit trash always spirit trash. Deserve to be the lowest paid airbus operator
Old 06-02-2022 | 08:05 PM
  #898  
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Originally Posted by Tranquility
The sun will rise in the East, and set in the West.

Bitcoin is worthless.

Miatas are NOT sports cars.

Mic drop.
and Elvis is not dead, he is living on Mars.
Old 06-02-2022 | 08:22 PM
  #899  
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Originally Posted by Halon1211
and Elvis is not dead, he is living on Mars.
With President John Kennedy and Fidel Castro.
Old 06-03-2022 | 03:19 AM
  #900  
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Originally Posted by RiddleEagle18
The new frontier break up fee just highlights the NK boards failure to use the initial JB offer as leverage to secure a better offer from frontier.

It took a hostile takeover offer, and likely institutional investors tendering or threatening to tender, for frontier to even offer a break up fee. A fee neither airline even needs to offer. There are no grounds to deny a merger that creates the 5th largest company in an industry.
Yep, Iv'e got to give it to Indigo. They bought Spirit, reformed it, IPO'd it for a few billion dollars and as an 85% owner of Frontier, are about to get Spirit back almost free. Brilliant. Problem for ULCC is that with the breakup fee offer, they have just admitted that the regulatory profile is the same for Jetblue and Frontier which means the Spirit board has just lost it's best argument for giving the airline away. I don't know who will end up with SAVE but Franke is going to have to negotiate and pay something. Shareholders will revolt.
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