Spirit to significantly shrink in restruct..
11-18-2024 | 05:33 PM
#51
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
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.
11-18-2024 | 06:19 PM
#52
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
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.
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?
11-18-2024 | 07:31 PM
#53
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
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.
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.
11-18-2024 | 08:54 PM
#54
Line Holder
Joined: Mar 2020
Posts: 305
Likes: 16
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.
11-19-2024 | 01:06 AM
#56
Line Holder
Joined: Mar 2023
Posts: 643
Likes: 73
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.
11-19-2024 | 03:25 AM
#57
Gets Weekends Off
Joined: Dec 2019
Posts: 2,263
Likes: 128
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.
11-19-2024 | 04:33 AM
#58
Line Holder
Joined: Nov 2015
Posts: 1,877
Likes: 199
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.
11-19-2024 | 06:22 AM
#59
Line Holder
Joined: Jul 2017
Posts: 356
Likes: 74
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.
11-19-2024 | 06:37 AM
#60
SDQ Base Chief
Joined: Mar 2006
Posts: 6,079
Likes: 41
From: 320 CA
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