Originally Posted by redhot

because they are not positioned to be successful on their own. If spirit has worse than projected revenue this summer the company will liquidate.

im honestly pretty shocked they couldn’t come to a deal. Spirit is acting like it’s not hundreds of millions of dollars in debt and has a position to demand top dollar on the market.

After Frontiers stock increase of 20% over the last week plus getting rid of the 350 million creditors would pay to get out of bankruptcy that’s literally almost a half a billion dollar swing in value.

I wish you all the best if this doesn’t get done, but for them to reject this is kind of absurd in their overvaluation of what they think spirit is worth.

or, they see more value for themselves in a liquidation down the road. Remember, if they can get the same amount of money or more in liquidation they will do it without thinking twice. These people do not care about you or your loved ones whatsoever and will do what benefits themselves.

Originally Posted by Tranquility

Makes one wonder what the Spirit bond holders (realistically, the ones calling the shots) see of such value that we do not.🤨🤔

Originally Posted by Alexjones

They don’t need to take a hit. Let spirit try an return to profitability if not liquidate and get a better return than F9s offer today

Originally Posted by DrSteveBrule

Bondholders know the ballpark value of a liquidiated Spirit. I assume the risk of another failed merge requires them to demand significantly more cash up front, and probably way more payment if any merger does fail. Bondholders are in the driver's seat. Not Franke, not Christie. Bondholders will get their money either way. They aren't a charity and they dont care whether a bunch of pilots and FAs have a job or not. They want their ROI.

Originally Posted by SSlow

Which is nice to see for a change. Market forces at work versus Franke's dream to see a mega ULCC with a subpar pilot contract in a dying business model with no long term future.

It would suck if we liquidate, but I would rather be forced to start over at a legacy as opposed to hearing PS talk about bites of the apple during a hypothetical JCBA process with Frontier.

The bondholders aren't a charity and neither is my career.

Originally Posted by SSlow

I would rather be forced to start over at a legacy as opposed to hearing PS talk about bites of the apple during a hypothetical JCBA process with Frontier.

Originally Posted by Stayontarget

That doesn’t math. Frontiers offer is around 2B. According to project Bravo Spirits assets total around 500M.