I kinda disagree. Casavana in the middle of G concourse has pretty good Cuban food and cheap empanadas and pastries. I also really like the garden salad with chicken from Zona Fresca by G13/14. It's massive; 2 meals in one.

Only thing lacking is inexpensive coffee.

 

I just wish for a chick fil a

 

You were correct I was shooting from the hip without even seeing the numbers yet so I just took a closer look.

11 are 3X a week
5 are 2X a week
4 are 1X a week

Probably the 4 x 1X on Saturdays.

So, again probably, 16 flights on 2/3 main days and 11 overlaps on all 3 main days. I did notice the 2X a week, mostly, don’t even start until Feb. As such, for general discussions sake, Frontier will be hitting 11 of those overlapping routes on likely our airlines most profitable days. In the end all may be useless info.

 

I agree with most of this except the NK certificate is more valuable than the F9 one. The FSDO situation echoes the previous statement.

 

Then that would be a Chapt 7 liquidation sale, at that point a court trustee takes over and puts the remaining assets out on the "open market" for everything to be bid on. That is currently not an option right now for the Bond Holders (atleast in the short term) A chapter 11 section 363 asset sale can be done anytime to one particular buyer agreed by the Bond Holders to acquire the assets, take over leases etc. This is most likely scenario and most likely the current talks going on with Franke right now.. The Bond holders run the show, they are in charge.. they will make the decision on whats best for their recovery and it seems Chapt 7 is NOT part of their plans.

Spirit also just hired PJT Partners, they are world renowned experts in getting deals done that otherwise are viewed as impossible. They specialize in failing company defense getting mergers past. They are the ones you hire if you're trying to get somebody to merge with you, but otherwise be blocked by regulatory means, they are experts at getting around those. Take your fear mongering elsewhere. Spirit will be acquired and absorbed, there's no question about it.. only a matter of "when". These top firms live in a different world than majority of america.

 

The failing company defense is not a heavy lift here

I know the bondholders have control of the company, but will there really be no other debtors to object and force an auction of all assets to the best and highest? Legit question ... really is there no one who has standing in bankruptcy court to the bondholders controlling everything.

 

Fear mongering, GMAFB. Spirit doesn’t have the capital to survive a merger or a full bankruptcy. We are out of cash by the end of the year. Hence our dollar stock and our junk credit rating.

 

PJT got the T-Mobile/Sprint merger approved. Someone will end up buying Spirit, and this time the merger will go through. My best guess is either Frontier or Southwest. Don’t forget Southwest almost bought Frontier in 2009 during their ch11, Republic only won that deal because SWAPA and FAPA couldn’t work out an integration.

 

Not very familiar with the 363 rules, but my understanding is that it allows the sale of certain assets, not necessarily the whole company. If someone were to come in and offer to take 30% of the aircraft and a few slots (made up number) would that technically be an acquisition? Is there any requirement to take the pilots, if so how many and which ones? Also, acquisitions are very time consuming, expensive, and messy. Considering Spirit’s current financial situation, wouldn’t someone like Frontier be better served just waiting for an opportunity to take over the leases of only the aircraft that they want in a CH7 situation? The legacies aren’t likely going to be bidding on them and the substantial merger/acquisition cost could be avoided. Mergers take years to complete, and practically all analysts agree that Spirit doesn’t have years, even in CH 11. If a 363 asset sale requires purchasing company to absorb the numerous parts that they don’t want, how is that an advantage to them?

 

Thats not why the deal didn’t go through. Really played little to no part. The creditors committee (airbus was one and swa said publicly pre auction they would park all Airbus) wanted to go with rep for that and a few other reasons. Swa also mentioned publicly all non union employees would be layed off during major recession.

Personally my guess is swa just wanted to see F9’s books so they started making public statements to tank a deal.They were fairly new to the Denver market at the time. It’s either that or their legal department was incompetent.