Will this judge approve NK’s exit plan
 

Or will this be a replay of the merger trial where we were all pretty confident that it was going to go one way but then didn’t.

My guess is when F9/NK talked last month they got to look under the hood and see if a deal would be viable after a certain amount of debt is shed in the CH11 process.

They got to figure out if a merger would actually be good for Frontier. This isn't 2 years ago coming out of COVID and demand was ever rising. You couldn't get planes/pilots fast enough. Not sure right now doubling the fleet overnight is such a good idea anymore.

It might serve them well to stay in their niche and grow incrementally and methodically. Seem like Spirit got too big too fast and imploded.

Considering spirit pre bankruptcy spirit was/is majority individual share holder owned. Does any one think chapter 11 may be a temporary stop to screw the individuals out of money

before these larger bond holder take everything in a liquidation during chapter 7.

Try again in english please.

Spirit declare “BUNKRUPTCY!!!!1!” (Chapter 11) to wipe out all the people holding the stock. (Common folk)

the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.

i think that’s what he’s trying to say.

How many times do we need to remind people that Spirit only has roughly 500 million in tangible assets. So where is this “big money” black rock and the other debt holders coming from??? Gates, leases, slots at LGA?

BlackRock doesn't own any of Spirit Airlines' debt...