Spirit Now Sure As It Emerges From Bankruptcy
08-29-2025 | 04:58 PM
#1571
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
So you just want them to quit. Why would they stay here, why should you? The fact they’re handing out bonuses to keep the team somewhat intact means what? You want a full abandon ship? The top of this company is marketable, new job within a week. You, it’ll take 6 months.
08-29-2025 | 05:25 PM
#1572
That/It/Thang
Joined: Aug 2020
Posts: 3,463
Likes: 275
So you just want them to quit. Why would they stay here, why should you? The fact they’re handing out bonuses to keep the team somewhat intact means what? You want a full abandon ship? The top of this company is marketable, new job within a week. You, it’ll take 6 months.
They will be asking for labor contracts to take pay cuts while they enrich themselves with a second Ch11 filing. Get a clue man.
"Keep the team intact"...yeah, thats right...the saviors.
David Davis, President & Chief Executive Officer $2,918,000
Frederick S. Cromer, Executive Vice President & Chief Financial Officer $1,185,000
Thomas Canfield, Executive Vice President & General Counsel $1,082,000
John Bendoraitis, Executive Vice President & Chief Operating Officer $1,132,000
08-29-2025 | 05:31 PM
#1573
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
What's up Bendo!
They will be asking for labor contracts to take pay cuts while they enrich themselves with a second Ch11 filing. Get a clue man.
"Keep the team intact"...yeah, thats right...the saviors.
David Davis, President & Chief Executive Officer $2,918,000
Frederick S. Cromer, Executive Vice President & Chief Financial Officer $1,185,000
Thomas Canfield, Executive Vice President & General Counsel $1,082,000
John Bendoraitis, Executive Vice President & Chief Operating Officer $1,132,000
They will be asking for labor contracts to take pay cuts while they enrich themselves with a second Ch11 filing. Get a clue man.
"Keep the team intact"...yeah, thats right...the saviors.
David Davis, President & Chief Executive Officer $2,918,000
Frederick S. Cromer, Executive Vice President & Chief Financial Officer $1,185,000
Thomas Canfield, Executive Vice President & General Counsel $1,082,000
John Bendoraitis, Executive Vice President & Chief Operating Officer $1,132,000
08-29-2025 | 05:51 PM
#1574
That/It/Thang
Joined: Aug 2020
Posts: 3,463
Likes: 275
You need to work on your insult game, this is pretty weak.
Your statement makes no sense, awarded zero points, of course. "Recycling your seniority?"
08-29-2025 | 05:53 PM
#1575
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
sorry, I broke up your date with the slow flow. It’s my fault. TMAAT you broke up a date on APC
08-29-2025 | 08:05 PM
#1576
On Reserve
Joined: Jul 2018
Posts: 151
Likes: 21
So you just want them to quit. Why would they stay here, why should you? The fact they’re handing out bonuses to keep the team somewhat intact means what? You want a full abandon ship? The top of this company is marketable, new job within a week. You, it’ll take 6 months.
clearly the first 3 bonuses weren’t effective. How about don’t pay them until they turn a profit? Seems more than fair. They lost how much money now?
08-29-2025 | 08:37 PM
#1577
Line holder
Joined: Nov 2013
Posts: 4,167
Likes: 226
From: Aircraft & Seat: old & hard
When an airline buys engines, they come with various ongoing service agreements. You can buy an engine with no coverage, or add on coverage, including repairs, replacement engines, etc.
Spirit chose to purchase none of these to keep costs down. The $150M in repair and inspection credits is a gift. Spirit also waived their rights to sue with this agreement.
Spirit bought the engines without ongoing coverage, and then agreed to settle for $150M in credits in lieu of a lawsuit which it might not win and would take a long time, which they don't have.
Spirit chose to purchase none of these to keep costs down. The $150M in repair and inspection credits is a gift. Spirit also waived their rights to sue with this agreement.
Spirit bought the engines without ongoing coverage, and then agreed to settle for $150M in credits in lieu of a lawsuit which it might not win and would take a long time, which they don't have.
08-29-2025 | 09:38 PM
#1578
Almost there
Joined: Apr 2021
Posts: 1,970
Likes: 111
https://www.marketwatch.com/story/sp...ntime-02880b84
I’ve never seen the source for the first part but the second is easy to find.
I’ve never seen the source for the first part but the second is easy to find.
08-30-2025 | 05:12 AM
#1579
Now Old
Joined: Oct 2010
Posts: 108
Likes: 59
From: Bent
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.
08-30-2025 | 08:14 AM
#1580
Line holder
Joined: Nov 2013
Posts: 4,167
Likes: 226
From: Aircraft & Seat: old & hard
https://www.marketwatch.com/story/sp...ntime-02880b84
I’ve never seen the source for the first part but the second is easy to find.
I’ve never seen the source for the first part but the second is easy to find.
I can't buy a blow dryer without at least a year warranty. Obviously enterprise works differently but buying a new engine without any protection against the exact thing that is happening, to save a few bucks sounds incredible irresponsible. Maybe the shareholders should be annoyed with management /s.for the last sentence.
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