It's official - JB buying us.
 

Now I can delete my apps with the legacies. Let's go get a dope contract.

Hell ya! No better time and we hold a ton of leverage!

Ted just said this is a great deal for shareholders and team members.... its funny how people think Ted lost, he's walking away with a 8 figure no stock, straight cash homie deal! I think Ted won! Money talks.. Enjoy your golden parachute Ted, good riddance.

+1
And other stuff

It will be interesting to see how good of a deal the $33.50/share looks to the Spirit stockholders when the deal actually closes down the line in the first half of 2024. That’s a long time from now.

I don’t think this will be an issue. Spirit stock has been getting a boost ever since the B6 offer has been on the table. If it wasn’t for B6 deal spirit stock would probably be trading in the mid to high teens right now

They said at the latest first half 2024. But it's a gamble, and it was the shareholders gamble to make.

The offer also increases by 65 cents if the merger isn’t finished by December 2023.


it’s in the fine print of the merger announcement on the JB investor relations page.

“

• JetBlue will acquire Spirit for $33.50 to up to $34.15 per share in cash, depending on the timing of closing, including 1) an accelerated prepayment of $2.50 per share in cash, payable promptly after Spirit’s stockholders approve the transaction, and 2) a ticking fee prepayment of $0.10 per share per month between January 2023 and the consummation or termination of the transaction.
  • In the event the transaction is consummated on or before December 2023, the transaction consideration will be $33.50 per share, increasing over time to up to $34.15 per share, in the event the transaction is consummated at the outside date in July 2024.
  • The transaction consideration of $33.50per share implies an aggregate fully diluted equity value of approximately $3.8 billion3 and an adjusted enterprise value of $7.6 billion4.”

Exactly. It doesn’t matter the price because the price from this point on is based on the JBLU purchase, so totally different than if it remained a stand alone

Does anyone know if this new agreement included a golden parachute for TC and the gang, and if so how much?

Will Spirit be hiring pilots still or will JetBlue start having a say on the hiring?

Operate as separate companies until the merger is approved by the DOJ.


Sent from my iPad using Tapatalk

We both have to run our own show for at least another show. Bet spirit does all their own hiring pretty much up until the merger closes

Has to be some carrot to keep him running NK while we wait for approval.

There is. They already qualified for half of the retention bonus. They get another next year.

I couldn’t tell if you were being sarcastic or not. Why would you delete legacy apps?

Because I absolutely refused to work for Frontier and their management. Tbings have changed. Losing my base, seat, and seniority isn't do appealing now. Real talk.

Didn’t you hear? He’s officially at a legacy now…

Goodbye Ted. Hopefully Bendo not far behind you.

He's not wrong...

Per JetBlue’s current Scope section, we can not combine operations until we have voted in a JCBA. In other words, for the first (and last) time in most of our careers, the company needs a new CBA more than we do.

Every week that the companies are forced to maintain separate operations is millions of dollars of lost profits. Keep this in mind when reaching out to your reps and negotiating committee. Our two pilot groups will never have this kind of bargaining leverage again.

next to a strike, this is the most leverage we will ever have.

...Hats now!

He works at a company that conducted interstate commerce prior to deregulation? Unless B6 merges with a big 3 carrier or AS or HA and ends up on their operating certificate, it won’t ever be a “legacy,” which only denotes a carrier that fits that one singular definition.

Denying that he can identify as working for a legacy is hate speech and a good way to get yourself removed from the platform. Legacy is a spectrum, but not one that has room for toxicity and intolerance.

Here at the new Jet Blue, we welcome legacy persons of companies with limited pre-degregulation interstate commerce.

https://youtu.be/Ku57tmdHIhc
Robin and TC interview.

Except… with a strike, the paychecks stop.

When you’re squeezing management for an industry-leading JCBA, the paychecks keep rolling in!

Lesson 2 on JB speak: JetBlue is one word. Normally the J and B are capitalized within a single word.

​​​​​​😁

With the JetBlue purchase what happens to the planned reduction of DTW DFW and ORD

Wow. Ted comes off as a beaten man. Robyn disagrees right off the bat with him about "twists and turns." On a follow up question, Ted deflects right to Robyn for answering. Ted not doing so well without the teleprompter with the "umms." Overall, another terrible performance by our CEO.

He really is just a scumbag.

no…white shirts.

You spirit guys will never know how good you have it until you need to wear your beat up, old blue shirts because the company that supplies your uniforms, who also is Taco Bell’s supplier (let that sink in and yes, some of our guys were mailed Taco Bell uniforms), has them back ordered for a year and is the only place you can get them.

I’d do anything to be able to walk into any local FBO pilot shop or some flight school and be able to walk out with a uniform shirt.

I don't doubt your experience, but I've yet to have a problem getting shirts. Also haven't waited until the last second though. Maybe your size is more of an issue or I just ordered at the right time.

An absolute clown, again. He's got the executive chops of Ronald McDonald.

Good riddance.

Yeah his comments were pretty abrasive and have come back to haunt him. Guess it’s a good lesson to not burn down the bridge before you have crossed it.

That was kind of awesome. I can’t believe they actually asked Ted tough questions and made him eat his words. Thought there would be a save face, but no.

Really pathetic. That interview had the feel of a man that knows his days are numbered.

He is on the phone with Frontier for a CFO position or similar. Hopefully he takes the rest of these clowns with him after the needless drama they put the shareholders and employees through.

Lot of guru pilots on here that had a second career in airline merger etc.

A serious question.

We know now that JB can rest assured they have a dance partner and NK management has no obligation to ensure the viability of the Spirit Airlines brand. Is it safe to say: until what was Spirit Airlines is absorbed by JetBlue Airways and a JCBA has been settled, all new aircraft that were to be put into the Spirit system will now be painted in JB colors and put into the JB network? No new routes or means to improving the customer service experience of Spirit Airlines should be expected since there’s no reason to build the brand.

How does that effect us as pilots of NK for the next couple of years? Realistically it’s been nice to experience real organic growth and new aircraft each month.

NK hires because of attrition. But it also has been hiring substantially to keep up with growth as well. Upgrades will most likely stop until since Spirit Airlines will be, from our perspective, winding down until a JCBA is reached.

Knowing that these regulatory processes take quite some time, I’d imagine JB will be whittling a way at the NK, until there’s very little
left. So as to show the DOJ that there’s nothing to save by opposing the merge. Another not so fun thing for us.

To those in the know, (seems to be quite a few of you) please tell me something that will make the next couple of years less painful for us.

Until the merger is complete, everything will remain separate. Any aircraft coming to Spirit will continue to come to Spirit. Spirit still needs to operate a viable company. Remember, there are still no guarantees this thing goes through until it does, and Spirit is a publicly traded company.