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Old 02-12-2025 | 08:23 AM
  #121  
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Originally Posted by bluespoon
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.
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Old 02-12-2025 | 08:23 AM
  #122  
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Originally Posted by Judge Smails
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.
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Old 02-12-2025 | 08:29 AM
  #123  
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Originally Posted by bluespoon
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.
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Old 02-12-2025 | 08:41 AM
  #124  
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Originally Posted by DrSteveBrule
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.
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Old 02-12-2025 | 08:50 AM
  #125  
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Originally Posted by Stayontarget
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.

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Old 02-12-2025 | 08:55 AM
  #126  
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Originally Posted by Stayontarget
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.
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Old 02-12-2025 | 09:25 AM
  #127  
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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?
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Old 02-12-2025 | 09:46 AM
  #128  
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Originally Posted by Lukas
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.
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Old 02-12-2025 | 09:59 AM
  #129  
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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.
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Old 02-12-2025 | 10:48 AM
  #130  
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Originally Posted by DrSteveBrule
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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