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-   -   The plan going forward (https://www.airlinepilotforums.com/spirit/147215-plan-going-forward.html)

Burn 10-03-2024 04:34 PM


Originally Posted by Ted Striker (Post 3841673)
I wonder if a re-bid by jb would ever be in the cards. The court specifically cited spirit as a ulcc being a reason for denial. It seems spirit has “transformed” mostly on paper to more align with and become a LCC, paving the way for a merger. Especially with jb’s recent debt raise for 3billion. Now, jb comes in from a pre-bankruptcy play at say $22 p/s etc.

$22.00! thats some optimism. Perhaps before they sold all their assets... sure.

Flyby1206 10-03-2024 04:40 PM

from a.net, wonder if there is something similar to this on Monday


Yes, that was known as a pre-packaged bankruptcy. AA's purchase of the assets was presented to the judge.

January 10, 2001 at 7:00 p.m. EST
NEW YORK, Jan. 10 -- -- American Airlines today announced an agreement to buy Trans World Airlines as part of a prearranged bankruptcy...


https://www.washingtonpost.com/archive/ ... f9e56c81f/

The exclusivity period hadn't even started.

CincoDeMayo 10-03-2024 04:50 PM


Originally Posted by Burn (Post 3841694)
$22.00! thats some optimism. Perhaps before they sold all their assets... sure.

Yeah, dude is high. JBLU wants nothing to do with NK, clear back when the trial was underway, and the layers of the onion began to come off; this was Robin, he is gone

It’s going to be F9, that’s the knight and shining armor. And before anyone spits and says “ugh, Frontier,” I would remember that Frontier is probably the one thing keeping NK from liquidation

Halon1211 10-03-2024 05:01 PM

https://x.com/SenWarren/status/1765190540427935859


lest we forget this wonderful person!

Noisecanceller 10-03-2024 05:48 PM


Originally Posted by Halon1211 (Post 3841708)
https://x.com/SenWarren/status/1765190540427935859


lest we forget this wonderful person!

And the DOJ AND judge young. They should all be volunteering to pay our mortgages.

Hedley 10-04-2024 05:21 AM


Originally Posted by GoCats67 (Post 3841679)
In today's market a narrowbody (that doesn't have the Pratt and Whitney engine issues) would be of interest to many airlines right now and I am sure that the lessors would gladly shift thire assets to AA,DL,UA.

There would likely be a high demand for unaffected NEO's, but not the older planes unless they were offered at a huge discount. There are a lot of hoops to jump through before that point, so hopefully you guys get something worked out before then.

Halon1211 10-04-2024 05:35 AM

Spirit Airlines is now worth less than the price of an A-321!

drywhitetoast 10-04-2024 05:41 AM


Originally Posted by Halon1211 (Post 3841820)
Spirit Airlines is now worth less than the price of an A-321!

Soon to be less than a used E145.

Noisecanceller 10-04-2024 08:17 AM


Originally Posted by Halon1211 (Post 3841820)
Spirit Airlines is now worth less than the price of an A-321!

Spirit STOCK not Spirit Airlines

Halon1211 10-04-2024 08:53 AM


Originally Posted by Noisecanceller (Post 3841900)
Spirit STOCK not Spirit Airlines

“While often used interchangeably, "a piece of stock" is essentially the same as "a piece of the company" - meaning a share of ownership in a company, but it's important to remember that a stock is not a physical part of the company itself, but rather a representation of ownership rights in the company's assets and profits; when you buy a stock, you become a partial owner of the company, not a literal piece of its physical property.”

https://www.investopedia.com/terms/s/stock.asp


https://www.schwab.com/stocks/unders...common%20stock.

A company or any assets is only worth what somebody is willing to pay for it. Not sure what point you’re trying to make.



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