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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Spirit (https://www.airlinepilotforums.com/spirit/)
-   -   Frontier asks Spirit to dance-again (https://www.airlinepilotforums.com/spirit/149338-frontier-asks-spirit-dance-again.html)

ropestart 02-12-2025 08:23 AM
Originally Posted by bluespoon (Post 3882253)
Or they are confident Spirit will get back to profitability.
Could go either way IMO. The on thing for certain is NK is in deep debt and they are not making money. Maybe the new plan after BK is a smaller airline or a Liquidation. It’s hard to say, but I wish you all the best.

SSlow 02-12-2025 08:23 AM
Originally Posted by Judge Smails (Post 3882248)
You make it sound like legacies will be banging down your door. This place liquidates, take a number, it'll probably look like the waiting room in Beetlejuice.
And my house is in order should that scenario play out.

I don't exactly live an extravagant life or anything.

Stayontarget 02-12-2025 08:29 AM
Originally Posted by bluespoon (Post 3882253)
Or they are confident Spirit will get back to profitability.
No doubt. I was just saying the two options presented by alexjones (liquidation vs merge) were miles, er, continents apart.

flyboyike 02-12-2025 08:41 AM
Originally Posted by DrSteveBrule (Post 3882209)
Bondholders will get their money either way...They want their ROI.
Honest question: why would someone who cares about ROI invest into airlines at all (any airline)? There are any number of better places to park one's money.

Alexjones 02-12-2025 08:50 AM
Originally Posted by Stayontarget (Post 3882215)
That doesn’t math. Frontiers offer is around 2B. According to project Bravo Spirits assets total around 500M.
https://www.businessinsider.com/spir...ce=chatgpt.com

In November when they filled CH11 Spirit claimed to 9.4 Billion in assets with 8.9 billion in debt.


AutoBrksMedium 02-12-2025 08:55 AM
Originally Posted by Stayontarget (Post 3882215)
That doesn’t math. Frontiers offer is around 2B. According to project Bravo Spirits assets total around 500M.
Email just went out to the pilot group at F9 that they will no longer be pursuing NK.

Lukas 02-12-2025 09:25 AM
Is it as simple as the bondholders believe the smaller NK and revised business plan will get them the desired ROI? Was the NK counteroffer in good faith, or simply a way to drive a stake into the distraction of that merger attempt? Is there another deal under NDA, potentially?

colonials13 02-12-2025 09:46 AM
Originally Posted by Lukas (Post 3882285)
Is it as simple as the bondholders believe the smaller NK and revised business plan will get them the desired ROI? Was the NK counteroffer in good faith, or simply a way to drive a stake into the distraction of that merger attempt? Is there another deal under NDA, potentially?
Maybe.
Maybe.
Maybe.

Nobody on APC is going to have factual information relating to this.

DrSteveBrule 02-12-2025 09:59 AM
Their ROI was supposed to be from 8% 5 year secured bonds, not equity stake. People are lucky these bondholders decided to play ball at all, rather than burn it all down in bankruptcy, which still could happen, btw.

gonyon 02-12-2025 10:48 AM
Originally Posted by DrSteveBrule (Post 3882301)
Their ROI was supposed to be from 8% 5 year secured bonds, not equity stake. People are lucky these bondholders decided to play ball at all, rather than burn it all down in bankruptcy, which still could happen, btw.
I am betting the only reason they haven’t is because they will get more money back by not.

i still can’t conceive of their “plan” being the actual plan.


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