New Jetblue wants us thread
07-27-2022 | 05:55 PM
#431
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If by that you mean for NK to stand alone, I’d say that is highly unlikely. The shareholder revolt was not against the F9 merger, it was against the F9 merger instead of the superior all cash offer from B6. If Ted and the gang don’t make that happen, the next shareholder revolt will be against them personally.
07-27-2022 | 06:20 PM
#435
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Joined: Jun 2022
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If by that you mean for NK to stand alone, I’d say that is highly unlikely. The shareholder revolt was not against the F9 merger, it was against the F9 merger instead of the superior all cash offer from B6. If Ted and the gang don’t make that happen, the next shareholder revolt will be against them personally.
07-27-2022 | 07:22 PM
#437
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Joined: Nov 2005
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07-27-2022 | 10:31 PM
#439
On Reserve
Joined: Dec 2014
Posts: 15
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From: A320
[QUOTE=dickwhitman;3468333]https://www.reuters.com/business/aerospace-defense/exclusive-spirit-vote-frontier-deal-go-ahead-set-fail-sources-2022-07-27/[/QUOTE]
I highly doubt B6 will ever actually buy NK. I don’t think the board was lying. It will be over a year before the NEA lawsuit is settled, and they could appeal it after that. And then, finally after that, the DOJ will start to review the merger because I think it’s unlikely the DOJ will review the merger prior to the completion of their current lawsuit. And if they lose that lawsuit? I highly doubt the DOJ is gonna be really accommodating to B6. And if they win the NEA lawsuit it might even be an even bigger hill to climb because they’re now the proxy AAL merger that the DOJ was ****ed off about in the first place.
There’s a lot of ifs in there. Hence why they ‘the NK bod’ didn’t think this deal will ever consummate. And also why B6 has decided it is worth the cost to break up the F9/NK merger. They pay a rather big break up fee, but they prevent a merger that poses an existential threat. And two years later they get out of said purchase agreement that would have pushed them back into to the red (b6 has no idea how to run NK, and it seems a lot of those that run NK are on their way out if it heads that way - not to mention parking planes to be reconfigured, retrain crews on b6 sop’s and manuals, etc,). But who knows, maybe they offer the NK board whatever package that works for them and they approve it walk away after a couple years.
That there is the JetBlue effect. Don’t be great. Or efficient. Or even know wtf you are. Just disrupt other business’ so you can stay afloat. Nothing against anybody at B6 - I truly wish you all the best. But now everybody at Spirit is stuck in the middle of some long drawn out deal w no end in sight.
I highly doubt B6 will ever actually buy NK. I don’t think the board was lying. It will be over a year before the NEA lawsuit is settled, and they could appeal it after that. And then, finally after that, the DOJ will start to review the merger because I think it’s unlikely the DOJ will review the merger prior to the completion of their current lawsuit. And if they lose that lawsuit? I highly doubt the DOJ is gonna be really accommodating to B6. And if they win the NEA lawsuit it might even be an even bigger hill to climb because they’re now the proxy AAL merger that the DOJ was ****ed off about in the first place.
There’s a lot of ifs in there. Hence why they ‘the NK bod’ didn’t think this deal will ever consummate. And also why B6 has decided it is worth the cost to break up the F9/NK merger. They pay a rather big break up fee, but they prevent a merger that poses an existential threat. And two years later they get out of said purchase agreement that would have pushed them back into to the red (b6 has no idea how to run NK, and it seems a lot of those that run NK are on their way out if it heads that way - not to mention parking planes to be reconfigured, retrain crews on b6 sop’s and manuals, etc,). But who knows, maybe they offer the NK board whatever package that works for them and they approve it walk away after a couple years.
That there is the JetBlue effect. Don’t be great. Or efficient. Or even know wtf you are. Just disrupt other business’ so you can stay afloat. Nothing against anybody at B6 - I truly wish you all the best. But now everybody at Spirit is stuck in the middle of some long drawn out deal w no end in sight.
07-27-2022 | 10:54 PM
#440
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Joined: Apr 2014
Posts: 94
Likes: 0
From: Always right
https://www.reuters.com/business/aerospace-defense/exclusive-spirit-vote-frontier-deal-go-ahead-set-fail-sources-2022-07-27/[/QUOTE]
I highly doubt B6 will ever actually buy NK. I don’t think the board was lying. It will be over a year before the NEA lawsuit is settled, and they could appeal it after that. And then, finally after that, the DOJ will start to review the merger because I think it’s unlikely the DOJ will review the merger prior to the completion of their current lawsuit. And if they lose that lawsuit? I highly doubt the DOJ is gonna be really accommodating to B6. And if they win the NEA lawsuit it might even be an even bigger hill to climb because they’re now the proxy AAL merger that the DOJ was ****ed off about in the first place.
There’s a lot of ifs in there. Hence why they ‘the NK bod’ didn’t think this deal will ever consummate. And also why B6 has decided it is worth the cost to break up the F9/NK merger. They pay a rather big break up fee, but they prevent a merger that poses an existential threat. And two years later they get out of said purchase agreement that would have pushed them back into to the red (b6 has no idea how to run NK, and it seems a lot of those that run NK are on their way out if it heads that way - not to mention parking planes to be reconfigured, retrain crews on b6 sop’s and manuals, etc,). But who knows, maybe they offer the NK board whatever package that works for them and they approve it walk away after a couple years.
That there is the JetBlue effect. Don’t be great. Or efficient. Or even know wtf you are. Just disrupt other business’ so you can stay afloat. Nothing against anybody at B6 - I truly wish you all the best. But now everybody at Spirit is stuck in the middle of some long drawn out deal w no end in sight.
I highly doubt B6 will ever actually buy NK. I don’t think the board was lying. It will be over a year before the NEA lawsuit is settled, and they could appeal it after that. And then, finally after that, the DOJ will start to review the merger because I think it’s unlikely the DOJ will review the merger prior to the completion of their current lawsuit. And if they lose that lawsuit? I highly doubt the DOJ is gonna be really accommodating to B6. And if they win the NEA lawsuit it might even be an even bigger hill to climb because they’re now the proxy AAL merger that the DOJ was ****ed off about in the first place.
There’s a lot of ifs in there. Hence why they ‘the NK bod’ didn’t think this deal will ever consummate. And also why B6 has decided it is worth the cost to break up the F9/NK merger. They pay a rather big break up fee, but they prevent a merger that poses an existential threat. And two years later they get out of said purchase agreement that would have pushed them back into to the red (b6 has no idea how to run NK, and it seems a lot of those that run NK are on their way out if it heads that way - not to mention parking planes to be reconfigured, retrain crews on b6 sop’s and manuals, etc,). But who knows, maybe they offer the NK board whatever package that works for them and they approve it walk away after a couple years.
That there is the JetBlue effect. Don’t be great. Or efficient. Or even know wtf you are. Just disrupt other business’ so you can stay afloat. Nothing against anybody at B6 - I truly wish you all the best. But now everybody at Spirit is stuck in the middle of some long drawn out deal w no end in sight.
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