Go Back  Airline Pilot Central Forums > Retired Airlines > Spirit
Will  BRAVO take us to the promised land? >

Will BRAVO take us to the promised land?

Search

Notices
View Poll Results: Will BRAVO bring us to the promised land?
Yes. We will be rich!
17
13.39%
No. We will be back in court!
53
41.73%
Don’t care I am executing operation CJO
57
44.88%
Voters: 127. You may not vote on this poll

Will BRAVO take us to the promised land?

Thread Tools
 
Search this Thread
 
Old 11-23-2024 | 05:26 AM
  #51  
Judge Smails's Avatar
Line Holder
 
Joined: Feb 2013
Posts: 944
Likes: 257
From: A320
Default

Originally Posted by Noisecanceller
I tried to go back and understand it. Way to complex for me to understand. They are definitely getting 100% of a $350M equity offering but I’m not sure what that means in regards to control of the business. I couldn’t find an answer.

It would be nice if ALPA could break down the ownership of the company in “the plan” upon exiting bankruptcy in March.
Maybe the company should do that. Why is that the union's job?
Reply
Old 11-23-2024 | 06:18 AM
  #52  
Line Holder
 
Joined: Jul 2009
Posts: 688
Likes: 0
Default

Originally Posted by VacancyBid
I think they're getting all of it. That's the deal. Current stock goes away - new stock goes to bondholders.
They are going to issue millions and millions of new shares of stock if they emerge. The bondholders doen't want control they want $$$$.
Reply
Old 11-23-2024 | 07:09 AM
  #53  
Gets Weekends Off
 
Joined: Nov 2005
Posts: 2,710
Likes: 51
Default

Originally Posted by CincoDeMayo
Which is why you’ll never see business travel on us.

Simply, the he clientele Spirit is seeking won’t fly Spirit because its Spirit.

Spirit needs a new name, period. The name Spirit is always the punchline, right before the drum fill “ba dum dum”. Pinnacle Airlines changed their name to Endeavor after emerging from Chapter 11. Spirit needs to do the same. Sadly, we don’t even have the cash to slap a new name on a plane.
How do you go about rebranding a 200 airplane airline, new paint, new interiors, new airport branding, with limited resources, in a timeframe that allows the targeted customer to forget its spirit?

endeavor can call itself something new every month and no one cares because it’s still delta connection.
Reply
Old 11-23-2024 | 08:36 AM
  #54  
Line Holder
 
Joined: Dec 2022
Posts: 1,372
Likes: 141
Default

Originally Posted by Judge Smails
Maybe the company should do that. Why is that the union's job?

BC now they don’t have to answer to anyone. They don’t have to give an explanation so they won’t. All the answers are in a couple 300+ page documents of legalese. Alpa has lawyer that are familiar and versed in this stuff. Breaking it down for us non-lawyers would be nice
Reply
Old 11-23-2024 | 08:38 AM
  #55  
Line Holder
 
Joined: Dec 2022
Posts: 1,372
Likes: 141
Default

Originally Posted by zoooropa
They are going to issue millions and millions of new shares of stock if they emerge. The bondholders doen't want control they want $$$$.

This is kind of what I thought but couldn’t find an answer skimming the docs
Reply
Old 11-23-2024 | 09:28 AM
  #56  
Line Holder
 
Joined: Dec 2022
Posts: 1,372
Likes: 141
Default

[double post
Reply
Old 11-23-2024 | 01:36 PM
  #57  
In a land of unicorns
 
Joined: Apr 2014
Posts: 7,072
Likes: 102
From: Whale FO
Default

Originally Posted by CincoDeMayo
Which is why you’ll never see business travel on us.

Simply, the he clientele Spirit is seeking won’t fly Spirit because its Spirit.

Spirit needs a new name, period. The name Spirit is always the punchline, right before the drum fill “ba dum dum”. Pinnacle Airlines changed their name to Endeavor after emerging from Chapter 11. Spirit needs to do the same. Sadly, we don’t even have the cash to slap a new name on a plane.
The main reason you wont see any meaningful business travel on Spirit is that most major company travel policies specifically prohibit booking ULCC.
For example, my airline (and we are nr3 company in the country in travel spend) can not book Spirit or Frontier unless we specifically request it, Southwest is allowed in certain city pairs.
Most companies that spend heavily on travel have similar restrictions.
That is the hurdle NK has to figure out if they want to cater for the heavy hitter business travelers.
Reply
Old 11-23-2024 | 04:25 PM
  #58  
Gets Weekends Off
 
Joined: Oct 2017
Posts: 3,469
Likes: 44
Default

Originally Posted by dera
For example, my airline (and we are nr3 company in the country in travel spend
huh???

——
Reply
Old 11-23-2024 | 05:40 PM
  #59  
StoneQOLdCrazy's Avatar
Bent over by buybacks
 
Joined: Feb 2017
Posts: 1,612
Likes: 639
Default

Originally Posted by Noisecanceller
. Alpa has lawyer that are familiar and versed in this stuff. Breaking it down for us non-lawyers would be nice
I’m pretty sure alpa does not have any bankruptcy or corporate finance attorneys on staff.
Reply
Old 11-23-2024 | 07:08 PM
  #60  
In a land of unicorns
 
Joined: Apr 2014
Posts: 7,072
Likes: 102
From: Whale FO
Default

Originally Posted by Halon1211
huh???

——
Huh what?

2022 we spent $212 million in travel and half the world was still shut down. This year we'll exceed $300 million.
This year I've spent over $100k and that doesn't include direct-bill hotels (which are probably around 90% of my hotel stays).

As a comparison, Coca Cola Company spent $27.5 million in 2023.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
MusDg
Part 91 and Low Time
4
02-05-2015 03:28 PM
PeanutButter
Major
0
04-16-2007 05:11 PM
Bascuela
Flight Schools and Training
27
11-15-2006 05:18 AM
Fly4Beer
Major
16
01-31-2006 01:15 PM
LAfrequentflyer
Hangar Talk
0
09-29-2005 11:47 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices