I don’t know if anyone saw but looks like the ch 11 reorganization plan got pushed to Feb 13th and they delayed equity placing as well. I’m no financial guru at all but asked chat GBT but this sound like a pretty big deal their restructuring plans.

Equity placing: means a company is offering new shares of its stock to investors to raise money. This is often done to get cash quickly, usually to pay off debt, invest in operations, or fund other business needs. The shares are typically sold to institutional investors (like banks or funds) at a discounted price to attract buyers. I told GBT to analyze the most likely reason why spirits plans got delayed and it said most likely due to lack of investor confidence and the terms were not ideal for them. Idk, could be nothing but worth mentioning to you guys who might have more info or knowledge on the subject.

I’m really hoping this does not impact the approval of spirits restructuring plan on the 13th now.

if anyone else has information on how the bankruptcy proceedings are going please put it down here.

sources -

Approval rescheduled date -

https://www.investing.com/news/sec-f...y-93CH-3829241

Delayed equity placing -

https://www.tipranks.com/news/spirit...ankruptcy-exit

AI. If this post included a boob pic you idiots would spend time responding.

okay so you are saying that the information is not true or what? You don’t think a delay and funding not being secured through that channel is not interesting? Okay, suit yourself… AI is extremely powerful and is more capable then any of us at analyzing information if you give it the correct inputs.

I can give it any court document / SEC filling and have it analyze it extremely well. It’s not hard to keep up with type of stuff. I don’t have to have a law degree nor finance degree to understand how things are progressing… you should give it a try if you haven’t lately, there’s a reason America is making it a priority going forward.

just thought your pilot should know the details going on as your company is fighting to survive. 🤷🏼‍♂️

Fear not! We’ll be purchased before the end of the year!

Long after Cat and I are gone

(We’re getting deported for meowing on guard)

Yeah we know...things are bad

Thank you for sharing this ground breaking info via AI

got it. Would you like it better if I spent my days combing through filings for you instead? Sorry for providing you with the latest information occurring at your company? Did you know what equity placing was? Cool if you did, you’re among the very few in this profession who do.

If my company delayed their restructuring plan approval date and had an issue with raising the required money I would want someone to tell.

Hopefully someone on here will find the information useful in following the situation that is on going.

Just trying to help other pilots out, don’t need to get it tossed back in my face and make condescending jokes because you don’t like me using A.I to help me decipher SEC and bankruptcy documents.

It. You’re an it. Beat it; it. This forum is for humans!

I do sincerely appreciate all the info you brought forward.

and I understanding your reasoning and wanting to use AI to help you quickly solve it. The problem is I’ve used ChatGPT a lot before, and it really has no F idea what it’s talking about. It does its best but it really has no idea what is going on.

i’ve used ChatGPT on a simple medical question that’s happened to me in real life and some other scenarios and it’s it’s just doesn’t work.

What is one to do with that information? Let me rephrase that: what should one do that one was not already doing?

I know everyone loves a conspiracy theory, but if you look at facts and only facts, TC torpedoed the merger with his testimony on the stand. That’s it! Look no further!

Now, why has the BK exit plan been delayed? Who knows! Maybe the creditors see more profitable opportunities, to place their money in? Maybe they can make more money with $Trump coin? If you look at the terms of that $300M line of credit that TC just lined up, it doesn’t look like banks/creditors have confidence in the plan going forward, does it? Maybe they all just woke up and realized that a man who just blew $800M (approximately) in 2024 in a record breaking year for other airlines, isn’t the horse you want to back right now.
sorry for the negative post, but it’s time for my former colleagues to at least formulate a plan B.