Frontier asks Spirit to dance-again
#121
Line Holder
Joined: Feb 2014
Posts: 364
Likes: 3
From: CA
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.
#122
Line Holder
Joined: Feb 2019
Posts: 1,226
Likes: 29
From: baller, shot caller
I don't exactly live an extravagant life or anything.
#123
Almost there
Joined: Apr 2021
Posts: 2,007
Likes: 139
#124
Line Holder
Joined: Apr 2007
Posts: 388
Likes: 9
From: A320 CA
#125
On Reserve
Joined: Apr 2024
Posts: 71
Likes: 0
In November when they filled CH11 Spirit claimed to 9.4 Billion in assets with 8.9 billion in debt.
#126
FO For Life
Joined: Jan 2024
Posts: 327
Likes: 0
#127
On Reserve
Joined: Sep 2024
Posts: 14
Likes: 4
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?
#128
Line Holder
Joined: Sep 2013
Posts: 485
Likes: 28
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.
Nobody on APC is going to have factual information relating to this.
#129
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.
#130
i still can’t conceive of their “plan” being the actual plan.
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