Spirit Now Sure As It Emerges From Bankruptcy

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08-28-2025 | 05:36 AM

#1471

LNAVVNAVPATH

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Joined: Jul 2025

Posts: 110

Likes: 56

Quote:

Originally Posted by TadKrusty

Wonder where all that money Ted got from P&W is?

It was never hard cash, only in house store Credit with Pratt. Hence the reason we lost almost $2 Billion the past 2 years.

08-28-2025 | 05:38 AM

#1472

MANTOGASRS

Banned

Joined: Jul 2025

Posts: 22

Likes: 5

Quote:

Originally Posted by TadKrusty

Wonder where all that money Ted got from P&W is?

They didn’t get any

08-28-2025 | 05:54 AM

#1473

Hedley

Gets Weekends Off

Joined: Aug 2020

Posts: 2,649

Likes: 102

Quote:

Originally Posted by LNAVVNAVPATH

Of the 123 NEOs they have, 75+ will be down for engine swaps come 2027.

Correct, no airlines in the US are interested in the CEOs, hence our last 4 or 5 sold went to Vietnam.

The 50 good NEOs we do have are either leased or heavily leveraged and fully encumbered.

Thanks. That definitely paints a pretty grim picture. I don’t wish what you guys are going through on anyone.

08-28-2025 | 06:04 AM

#1474

fumeevented

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Joined: Apr 2022

Posts: 190

Likes: 46

If anyone thinks another airline is taking 3000 pilots without useable airplanes (for at least a year or two) you are out of your mind. They would have to pay spirits bills while they wait to incorporate everything. Not a chance.

08-28-2025 | 06:06 AM

#1475

bluespoon

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Joined: Mar 2023

Posts: 643

Likes: 73

Quote:

Originally Posted by fw90

Also too many pilots (and union especially) view themselves as blue collar. And it needs to stop. We are more than skilled labor. It’s a bad mentality.

You’re not white collar if you can be replaced in about 2 hours or less.

08-28-2025 | 06:16 AM

#1476

Stayontarget

Almost there

Joined: Apr 2021

Posts: 1,969

Likes: 109

Quote:

Originally Posted by Hedley

Thanks. That definitely paints a pretty grim picture. I don’t wish what you guys are going through on anyone.

I think he overstates the problem.

https://simpleflying.com/spirit-airl...-whitney-deal/

It’s bad no doubt but I don’t think as bad as he makes it out to be. According to this article the worst is by 2026 and less aircraft than he states. The turn around time is still estimated around 400 days, not 800. Unless he has better information? I’m not saying I’m completely right here since the situation is fluid.

08-28-2025 | 06:17 AM

#1477

OpieTaylor

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Joined: Jul 2021

Posts: 576

Likes: 22

Quote:

Originally Posted by bluespoon

You’re not white collar if you can be replaced in about 2 hours or less.

It all worthless labeling for prideful identity.

Boing Engineers are unionized. movie stars are unionized, dentist and doctors negotiate with insurance companies for billing amounts they just call them “networks” instead of “shops”.

08-28-2025 | 06:39 AM

#1478

LNAVVNAVPATH

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Joined: Jul 2025

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Quote:

Originally Posted by Stayontarget

This info came from SPA. 2026 isn’t the worst, 2027 is. Spirit was suppose to get 12 engine bay slots this year, Pratt gave them 4. 800+ days now.

08-28-2025 | 06:42 AM

#1479

LNAVVNAVPATH

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Joined: Jul 2025

Posts: 110

Likes: 56

Quote:

Originally Posted by fumeevented

1000000000000%.

If anyone goes, it will be the top 800 guys at 50 airplanes x 16 pilots of staffing. And our CBA allows for this to happen with our horrible scope provisions.

But why even bring the pilots and f*ck with the JCBA and unions, and seniority list bull sh!t. That’s so few pilots they could just up hiring and bring everyone over as a new hire.