I agree I think Ted andn Bendo might ask, but they can seek all they want, aint happening. They can try to get a judge to force it, doubt it since the terms have already been agreed to before court. Its what, "We have an agreement with our largest bondholders on a deal with debt, they are giving us more money, we have no issue paying our other vendors so they wont be involved, but we want you to force an 1113 on the pilots because we just think it should happen"

Furthermore, the entire point of this pre arranged Ch11 is to get through it quickly. Bond holders dont plan on holding onto this Spirit equity for longer than they have to, get through CH11 and then they can make their next move.

What’s the next move?

They technically don't even have to get through ch11 if a temping buyout comes along they can sell during bankruptcy court no?

ill take what they say started and leave it at that. Anything else would be speculation, and once I start speculating then the sky is the limit on what I can imagine happening. We’ve all been living this mess of bad news after bad news after bad news for a bit now. At the moment, I’m taking this as a touch of good news and am going to enjoy a slight feeling of hope for just a little bit.

Bondholders must decide to sell or IPO the new entity is their next move.

2 airlines that nobody likes to fly will merge to make one that people will want to I guess. Or Spirit will shrink and cut costs so they can actually be profitable. It will be interesting to see if there really is a buyout. Technically that is anti consumer as the JetBlue merger so what was the point of not allowing the JB merger in the first place.

There will be no changes to your contract because the market for pilots is still strong and hiring will be going gangbusters again in 2025. A hobbled carrier with an uncertain future would only hasten it’s demise if tried to get cheap with labor that has options.

I don’t think this is accurate at all. There will always be some CFI somewhere who will take the Job. Attrition will always be a thing. The COVID hiring spree is over.

Yeah basically. The problem for NK currently is revenue and debt obligations. A few months ago NK (and F9) made some pretty dramatic overhauls to the product offerings in an effort to increase the quality of the product and revenue. NK looks like they are going to continue to make the full transition to a more traditional carrier as part of the BK plan. Which to your second point is why it was pointless to block the NK/B6 merger in the first place. Whatever entity emerges from BK and whoever it emerges with will not be a ULCC.

I think you’re correct in this case. There is already an agreed upon plan of reorganization and they just need the judge to approve it. Normally in Ch11 there would be an exclusivity period of 120 days where execs/creditors can submit a POR. After that point it would be open to 3rd parties.