Originally Posted by CincoDeMayo

They don’t want the planes. Nobody wants the lot of Spirit planes, it’s why over 20 are sitting in the desert without a buyer. People are thinking it’s years past where airlines were scrambling for any lift they could find.

Not only is that not the case, but there currently is too much domestic capacity in the market. Nobody wants the planes with the exception of F9 who is finding them in a position of grow or die. LGA slots have value. Besides that, nobody wants to take on non fuel efficiency CEOs, problem NEOs and the cost to reconfigure them.

Originally Posted by Grumble

Take Frontiers market cap, multiply it by 50, and you’d have about how much cash UAL and DAL are sitting on. If anyone thinks another ULCC is gonna swoop in and snag assets without triggering a bidding war from the big four, you’re out of your mind.

Originally Posted by Hedley

They don’t want any of the aircraft, but gate space and slots is a completely separate matter. I’d expect the legacies to easily outbid any ULCC should they become available.

Originally Posted by LongHornFlyer

We’re paying the leases on them…they can’t just sell them. It’s a legally binding contract that cannot be amended or voided until we default unless both parties agree to do so. Basics of contracts…

Originally Posted by Stayontarget

The 3X per week are probably all on Thursday Friday and Monday. The 1X a week are probably on Saturday. We have only 30% of our weekend schedule on Tuesday and Wednesday right now. So no, probably not a huge deal but also probably 15-20 daily flights on those specific days so a little bit bigger deal than you make it seem. I would assume this is also just the beginning considering their major push to steal customers.

Originally Posted by CincoDeMayo

This is so far from being accurate. Keep telling yourself that.

Originally Posted by checkgear

Jokes on you, he just wanted a few high-roller nights at the Hard Rock.

Originally Posted by Freds Ex

Bingo.

And due to their popularity as a vacation destination they likely want Low Fares Done Right vs DL and UA fares at their airport.

Originally Posted by SSlow

Maybe, but unlikely.

I could be wrong on this, but if the legacies began to dominate FLL and raise fares to reflect their premium service products, Broward county would have to do some serious "getting their stuff together" to be better in line with the expectations of legacy customers as opposed to all of the half assing that goes on there now.

Originally Posted by Name User

You've never been to CLT, DFW, or MIA have you?

This is a legit normal day in CLT:

https://npr.brightspotcdn.com/dims4/...-1978x1148.jpg

https://i.redd.it/57uvyujadkbd1.jpeg

As a bonus it's right outside the crew room as well.

Originally Posted by StopBeingWhimps

Its NOT going to be a "merger". Its going to be a bankruptcy acquisition. 363 asset sale under the chapt 11 bankruptcy code. Franke clearly is in FLL to close the deal... under this acquisition Franke can pick which assets he wants to keep or sell. He wants routes/slots, gates, planes. This is very similar to the offer early this year (363 sale) I expect NK to announce a bankruptcy under chapt 11 with an acquisition by F9. Overlapping doesnt mean SQUAT in this type of bankruptcy acquisition. An agreement has clearly been reached with Bill and the Bond Holders... NK operations goes away, will cease operations, but employees such as Pilots, FA's, Mechanics will merge.

So, a review for the ignorant(which seems to be 99% of you) acquisition of some of the assets, merge of the employees. a JCBA will be worked on once deal closes...Unions still have legal grounds under the bankruptcy code.. A judge still would be required to gut the Spirit CBA... my guess is a judge wont touch it knowing a JCBA is around the corner and would prefer to let the company and unions settle it and do their negotiations.

Im guessing Franke wants the NEO's, agreed to sell all the CEO's and other assets and some stock and cash to please the Bond holders(we'll see when merger agreement goes public). Spirit has about 120 NEO's... he will take ownership of those basically overnight. Big growth for the new F9... Thats what's happening here and it sounds like a deal is pretty much done. Franke is 88yrs old, he aint flying across the country to talk about gate space LOL

Bill Franke got his deal after more than a decade... did yall think Bill would just go away and give up?!! LOL.