Spirit Airlines Ch.11
#104
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
#107
Whatdo you think of this scenario. Spirit threatens to file for bankruptcy, F9 steps in to prevent that and keep ULCC and “save “ jobs since they’re like companies, preventing BK and sale of assets.
#108
Line Holder
Joined: Jan 2023
Posts: 440
Likes: 80
Highly unlikely. No one wants to take on that much debt maturing so soon. Chapter 11 is all but guaranteed at this point, the only question is when. It’ll be after the company files that someone (maybe) makes a play for an acquisition/merger.
#109
Line Holder
Joined: Jun 2021
Posts: 1,375
Likes: 115
From: Joystick Operator
I feel like that is exactly what someone (like F9) is waiting for. Wait for Ch11, get the goods at a steep discount compared to their original offer.
#110
go to the highest bidder ? All the big 3 could would outbid F9 if they just want planes. I believe the landscape has changed and they would have to take pilots
per ALPA merger / acquisition policies.
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