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Old 10-22-2024 | 07:48 PM
  #51  
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Originally Posted by Halon1211
as much as I hate our current Administration. I don’t think it will matter who is in office. It will for sure be approved. Plus now we can definitely claim “failing firm” defense.
I suspect the activist dogs were called off due to optics in the election runup.

If Trump wins, they'll be unemployed in Jan.

If Harris wins, no idea if she'll keep the Biden people or let them off their leash again. Personally I tend to think not, that she'd be more business reasonable, but in reality we simply have no freaking idea what she'll do.
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Old 10-23-2024 | 12:27 AM
  #52  
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Originally Posted by Lincoln Osiris
Acording to my google searches a bankrupcy judge CAN increase pay.
Considering you constantly misspell the word “bankruptcy,” I trust your knowledge on this as much as I would a parrot knocking over a bowl of rocks on a keyboard and trusting the outcome.

You are grossly incorrect, we will not get a raise in bankruptcy.

Moving on…
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Old 10-23-2024 | 03:11 AM
  #53  
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Originally Posted by Lincoln Osiris
Nope, he's a good friend of mine. We've talked about it a lot. Bankrupcy contract has been disscused in depth at meetings. What previous alpa contracts have been slashed in bankrupcy court when said airline was already making 20% less than their peers? (And no our peers are not Allegiant, Breeze, Avelo). Bankrupcy court ordered union contracts are not based on a company's business model.
business and friendship don’t mix. That guy needs to be recalled
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Old 10-23-2024 | 04:07 AM
  #54  
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Originally Posted by Flyby1206
https://www.wsj.com/business/airline...googlenewsfeed

Sounds like it’s getting close for F9/NK
Good with Frontier planning to save Spirit this bankruptcy, shouldn’t take to long

Let’s see if all those spirit pilots bragging that they’ll leave if we merge will follow thru
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Old 10-23-2024 | 04:26 AM
  #55  
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Originally Posted by Halon1211
as much as I hate our current Administration. I don’t think it will matter who is in office. It will for sure be approved. Plus now we can definitely claim “failing firm” defense.

The only thing we need to know now this time is how much of it turd the shareholders are going to get. (Less than the first time around.)
Could be nothing as either way spirit is going to file chapter 11 and shareholder will likely be wiped out. Frontier(indigo) will provide the dip financing and merge the two carriers after emerging from chapter 11.
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Old 10-23-2024 | 05:17 AM
  #56  
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Originally Posted by RiddleEagle18
Could be nothing as either way spirit is going to file chapter 11 and shareholder will likely be wiped out. Frontier(indigo) will provide the dip financing and merge the two carriers after emerging from chapter 11.
Yeah I can't think of many good reasons that Indigo would want to take it on without BK.

While BK can be risky with the new rules, if you go in with a merger plan and stakeholder buy-in it should go pretty smooth and quick.
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Old 10-23-2024 | 05:21 AM
  #57  
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Originally Posted by CincoDeMayo
Considering you constantly misspell the word “bankruptcy,” I trust your knowledge on this as much as I would a parrot knocking over a bowl of rocks on a keyboard and trusting the outcome.

You are grossly incorrect, we will not get a raise in bankruptcy.

Moving on…
Probably no raise but probably no cuts either since you're already below industry average. The company would have to show that deeper-than-average cuts are vital to the new business model, basically make the case that you're not even in the same industry as the other airlines.

Especially if they go into court with an acquisition/merger plan with a solvent airline entity (F9).

My guess is status quo in court and the you'll have another bite at the apple with JCBA.
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Old 10-23-2024 | 05:35 AM
  #58  
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Originally Posted by CincoDeMayo
Considering you constantly misspell the word “bankruptcy,” I trust your knowledge on this as much as I would a parrot knocking over a bowl of rocks on a keyboard and trusting the outcome.

You are grossly incorrect, we will not get a raise in bankruptcy.

Moving on…
I didn't know this would trigger you so much, my appologies. You may continue on with your mass histaria and missinformation.
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Old 10-23-2024 | 07:00 AM
  #59  
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Originally Posted by RiddleEagle18
Could be nothing as either way spirit is going to file chapter 11 and shareholder will likely be wiped out. Frontier(indigo) will provide the dip financing and merge the two carriers after emerging from chapter 11.
If we file chapter 11, Frontier will lose almost 2 billion worth of Spirit Net Operating Losses. These loses can be carried fwd for 20 years by the acquiring company. No way Spirit files 11. Come on my boy.
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Old 10-23-2024 | 07:03 AM
  #60  
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Originally Posted by Lincoln Osiris
I didn't know this would trigger you so much, my appologies. You may continue on with your mass histaria and missinformation.
You also misspelled "hysteria."
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