The plan going forward
10-03-2024 | 04:34 PM
#511
New Hire
Joined: May 2022
Posts: 4
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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.
10-03-2024 | 04:40 PM
#512
SDQ Base Chief
Joined: Mar 2006
Posts: 6,079
Likes: 41
From: 320 CA
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.
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.
10-03-2024 | 04:50 PM
#513
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
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
10-03-2024 | 05:48 PM
#515
Line Holder
Joined: Dec 2022
Posts: 1,372
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10-04-2024 | 05:21 AM
#516
Gets Weekends Off
Joined: Aug 2020
Posts: 2,682
Likes: 167
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.
10-04-2024 | 05:35 AM
#517
Thread Starter
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
Spirit Airlines is now worth less than the price of an A-321!
10-04-2024 | 08:53 AM
#520
Thread Starter
Gets Weekends Off
Joined: Oct 2017
Posts: 3,469
Likes: 44
“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.
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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