Spirit Now Sure As It Emerges From Bankruptcy
08-27-2025 | 07:53 AM
#1421
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 343
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.
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.
08-27-2025 | 07:59 AM
#1422
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 343
Pilots would only go over with a full merger, meaning acquiring the entire legal entity of Spirit. If another airline or airlines buys assets of Spirit then pilots don't automatically go with any assets.
08-27-2025 | 08:42 AM
#1423
On Reserve
Joined: Jul 2025
Posts: 110
Likes: 56
08-27-2025 | 08:42 AM
#1424
That/It/Thang
Joined: Aug 2020
Posts: 3,463
Likes: 275
And unfortunately, say it’s a company like SWA, don’t expect their union to champion the idea of brining NK pilots over and integrating seniority. Pilots support pilots up until the point it damages their seniority.
08-27-2025 | 08:45 AM
#1425
Gets Weekends Off
Joined: Jun 2010
Posts: 7,571
Likes: 281
From: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
08-27-2025 | 08:50 AM
#1426
Max Days Off
Joined: Mar 2022
Posts: 141
Likes: 13
Which is why no pilots will go. Franke will buy 20 or 30 NEOs and a hangar or two. Those planes will take 2 years to bring on line while they get Heavy Checks, paint, interiors, and wifi switched. They will hire for the growth. No need to bring any of our pilots over when he buys the planes.
08-27-2025 | 08:54 AM
#1427
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
08-27-2025 | 09:13 AM
#1428
On Reserve
Joined: Dec 2020
Posts: 17
Likes: 1
Yea, I havent posted in years, but im realizing VNAVPATH is completely ignorant or just a troll. He can't even distinguish the difference between Chapt 7 vs Chapt 11... if he did some research at all he would have seen F9's offer earlier this year before NK emerged from bankruptcy was a 363 type sale. He thinks the Bond Holders have to send this out on the market to be bid on for 363 sale. What a fool... its clear this guy is a troll and trying to promote fear to get people in front of him to leave for that seniority bump. He has no clue about the bankruptcy code and how things work during Chapt 11 acquisition. Just ignore him LOL
08-27-2025 | 09:15 AM
#1429
Line Holder
Joined: Jun 2021
Posts: 1,363
Likes: 102
From: Joystick Operator
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