Frontier asks Spirit to dance-again
#22
On Reserve
Joined: Apr 2020
Posts: 71
Likes: 4
Spirit DID take that offer. They had an agreement in principal that FRONTIER walked away from.
#23
On Reserve
Joined: Jan 2021
Posts: 187
Likes: 50
things are no different this time around. F9 will not pay what spirit bond holders “hope” they are worth when they emerge from BK. Let’s be honest, I have not seen a single person who actually believes their stand alone plan will work.
#25
Line Holder
Joined: Nov 2024
Posts: 435
Likes: 85
you're talking like you have a ton to offer. Like an episode of Pawn Stars or something. How much $$& are you hemorrhaging daily? The F9 offfer was too generous
#26
f9 and Save have a good opportunity. We’ll also likely be able to secure decent pay rates going forward. So seniority may suffer a bit for each pilot group. But overall it’s good for both of us. Yeah. There’s better run companies that can acquire spirit but you don’t really have any other offers. The would’ve taken it if they could’ve. The creditors who hold your debt said no. Spirit management knows it’s the best play. We’re just in it for the ride. I think we’ll have another offer by F9 and it’ll be begrudgingly accepted. This whole going public post offer is to probably insight some competitive biding on the part of the debt holder seeking a bigger pay out. I don’t think there will be any other offers personally. Time will tell how this plays out. But mergers come and go this ones no different pains for a while then suddenly we have a decent footprint and the ULCC model is basically dead replaced by the LCC model. Just like the proposal says. It’s a LCC proposal. Not a ULCC. We’ll probably change our stock ticker too. lol.
all this saying Ef that pilot group is normal. But does nothing. Your opinions go no where. Pilot to pilot, only we can build a strong pilot group post merger. I understand complaining about going back to indigo/ biffle. But our combined business has enough synergies to make pay rates in line with legacies while continuing to grow for the rest of the decade.
I personally hope it plays out smoothly and rapidly to be a better competitor in this tight market.
best wishes. Hope to see you Guys in the flight deck post merger. #BetterLCCtogether.
#27
Line Holder
Joined: Jul 2021
Posts: 623
Likes: 49
Still have to be careful, if Frontier can get Spirit cheap they can co-mingle some gates and slots so they can just cherry pick and let Spirit hit ch7.
They have to hold out for a sincere investment to prevent a smash and grab.
.0001 cent per share sounds a bit ridiculous to consider it an investment.
They have to hold out for a sincere investment to prevent a smash and grab.
.0001 cent per share sounds a bit ridiculous to consider it an investment.
#28
Line Holder
Joined: Mar 2020
Posts: 305
Likes: 16
#29
Line Holder
Joined: Nov 2024
Posts: 435
Likes: 85
all this saying Ef that pilot group is normal. But does nothing. Your opinions go no where. Pilot to pilot, only we can build a strong pilot group post merger. I understand complaining about going back to indigo/ biffle. But our combined business has enough synergies to make pay rates in line with legacies while continuing to grow for the rest of the decade.
I personally hope it plays out smoothly and rapidly to be a better competitor in this tight market.
best wishes. Hope to see you Guys in the flight deck post merger. #BetterLCCtogether.
And let’s be clear. NK pilots are just as self interested as F9 pilots. Plenty of NK pilots when JBLu stuck its beak in back in 2022 we’re wayyyyy more interested in them. Suddenly the F9NK shotgun wedding wasn’t so cool any more. Plenty stuck their noses up, and continue to stick their noses up.
So you can talk all you want about unity. When the shoe is on the other foot, it’s all about “synergies” and “strong pilot groups”.
F that. Your sh&t stinks. Any amount paid is too much.
#30
Line Holder
Joined: Jan 2023
Posts: 440
Likes: 80
obviously, Spirit has enough to offer that made Frontier come to the table with a pretty decent offer in the first place. Frontier didn’t come to Spirit to try to bail them out of bankruptcy out of the kindness of their heart. I said nothing derogatory about Frontier or Spirit in my comment, I simply said that you never come to the table with the amount that you’re actually willing to pay. You start out offering Low and then you come back. Of course, if there’s enough interest to make an offer in the first place, there will be enough interest to continue Working towards another offer. Barry even said so himself in the email. Calm down will ya, nothing wrong with saying frontier will come back to the table
Nobody knew about this offer until the NDA expired, how many other deals could currently still be under an NDA?
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