Spirit Now Sure As It Emerges From Bankruptcy
08-29-2025 | 01:51 PM
#1561
Line Holder
Joined: Apr 2013
Posts: 738
Likes: 35
Sorry but nobody is going to help this time around. They are going to go to the courts and say they need to gut every contract by 50% or more. They will then try and get rid of any airplane anybody will buy. After all that when there is no lifeline they will throw in the towel by years end with all the higher ups taking their money and running.
08-29-2025 | 02:04 PM
#1562
Line Holder
Joined: Feb 2008
Posts: 848
Likes: 15
From: B6
Looks as though from the filings the leasing company is looking for $75 million from a default clause on 36 future deliveries. Then issued another notice on 37 current aircraft but didn't execute on any rights from the contracts, yet.
08-29-2025 | 02:20 PM
#1563
Gets Weekends Off
Joined: Mar 2014
Posts: 4,114
Likes: 291
Sorry but nobody is going to help this time around. They are going to go to the courts and say they need to gut every contract by 50% or more. They will then try and get rid of any airplane anybody will buy. After all that when there is no lifeline they will throw in the towel by years end with all the higher ups taking their money and running.
Spirit was already losing money before planes were grounded.
Never was “half the fleet grounded,” not even close.
You clearly don’t and have never worked for Spirit, as you said, because it’s glaringly obvious. Spirits management 100% contributed to this disaster. Any of us who were/are here, saw it.
Spirit lost cost discipline. Spirit did not react timely to changing market forces like Basic Economy. They didn’t make the needed changes in time. This is not an economies of scale issue, it’s a product and execution issue. If it was as simple as “getting all the planes back” to make money, they wouldn’t be looking to sell planes and shrink.
Never was “half the fleet grounded,” not even close.
You clearly don’t and have never worked for Spirit, as you said, because it’s glaringly obvious. Spirits management 100% contributed to this disaster. Any of us who were/are here, saw it.
Spirit lost cost discipline. Spirit did not react timely to changing market forces like Basic Economy. They didn’t make the needed changes in time. This is not an economies of scale issue, it’s a product and execution issue. If it was as simple as “getting all the planes back” to make money, they wouldn’t be looking to sell planes and shrink.
I clearly don't work for Spirit? Did you deduce that after reading that I wrote that I don't work for Spirit? lol
Spirit is the size it was in 2019 but staffing wise it's around 2023 numbers. They cut 10 million seats out of their operation. They need to furlough back to that (or more, depending on where they end up size wise). Basically another 20% IIRC.
Last edited by Name User; 08-29-2025 at 02:37 PM.
08-29-2025 | 02:28 PM
#1564
Line Holder
Joined: Jul 2017
Posts: 350
Likes: 66
Sorry but nobody is going to help this time around. They are going to go to the courts and say they need to gut every contract by 50% or more. They will then try and get rid of any airplane anybody will buy. After all that when there is no lifeline they will throw in the towel by years end with all the higher ups taking their money and running.
08-29-2025 | 02:45 PM
#1565
Line Holder
Joined: Sep 2021
Posts: 287
Likes: 18
Sorry but nobody is going to help this time around. They are going to go to the courts and say they need to gut every contract by 50% or more. They will then try and get rid of any airplane anybody will buy. After all that when there is no lifeline they will throw in the towel by years end with all the higher ups taking their money and running.
08-29-2025 | 02:45 PM
#1566
On Reserve
Joined: Jan 2008
Posts: 74
Likes: 28
This 100%. I don’t know why it’s so difficult to simply imagine for a second that you are in this unfortunate situation and post your thoughts accordingly. Even if you don’t believe things will be ok there are more and less tactful ways to express these opinions than many seem to muster. Empathy, people, it’s a great human trait we should all strive for. As a B6 pilot I can very easily see myself in this position in the future. I hope one way or another Spirit crews come out as unscathed as possible under the circumstances. Best of luck to all affected and if I see any of you on a layover the beers are on me.
08-29-2025 | 03:12 PM
#1567
Line Holder
Joined: Oct 2017
Posts: 434
Likes: 14
They filed Ch11 instead of CH7 for a reason. I think they really want to be bought whole. Not saying that will happen, but some dim glimmer of hope remains for you guys.
That said Ch7 is definitely still on the table so prepare accordingly. Godspeed fellas (and ladies).
That said Ch7 is definitely still on the table so prepare accordingly. Godspeed fellas (and ladies).
08-29-2025 | 04:11 PM
#1569
On Reserve
Joined: Dec 2020
Posts: 69
Likes: 9
They filed Ch11 instead of CH7 for a reason. I think they really want to be bought whole. Not saying that will happen, but some dim glimmer of hope remains for you guys.
That said Ch7 is definitely still on the table so prepare accordingly. Godspeed fellas (and ladies).
That said Ch7 is definitely still on the table so prepare accordingly. Godspeed fellas (and ladies).
Whether or not the creditors will go along with whatever deals are being negotiated remains to be seen but with Frontier in the mix our brothers and sisters at Spirit have a decent chance of making it out of this in pretty good shape.
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