Sorry to have to ask, but is this a good thing or bad thing?

 

Your past posts speaks for themselves. You don't know jack **** my friend. Just making crap up to see what sticks.

 

okay, if you say so. Again, good luck.

 

That depends.

They are selling 25% of their ownership in the company for $30M (give or take). Not sure they would be doing this if they thought there was an imminent merger going to happen where they would get either cash or equity in another airline.

I have always believed they are looking for an exit since they converted their debt into company equity, and this is a negative return on what they are owed. Will be interesting to see if this leads anywhere.

 

I assume the bad news will coincide with the release of the underwhelming Q2 financial figures. We all know their plan from the start of this mess was, shrink to a profitable fleet size. Just hurry up, rip the band-aid off, and let the pilot group know

 

It's bad that the bondholders who now own the company valued the enterprise at 1 billion plus coming out of bankruptcy. Now they are salvaging pennies before the next bankruptcy.

 

Nah. They know Frontier will get Spirit for 50 bucks.

 

Right, because they don’t have the money to file chapter 11 again.


Because of the attitude of some fine gentleman, like Mr Lincoln above, I won’t say the details of what I know. What he doesn’t understand, is when he points to the previous post I made about 1000 displacements, that was indeed the initial number. Just shy of it, actually, but what he fails to understand is that number was negotiated down. At the time the post was made, it was accurate.


This could be the same way. I was downgraded from captain, and where it stands now, I won’t have a job if that tells you anything. Like always, it could (and probably will) change before it happens. Given a huge factor in finances that I’ll leave out, if this plays out, it will happen in the next few weeks, so we will all know. Nothing happens until it happens, but since we have people with **** poor attitudes that can’t seem to figure out how this information comes down, I’ll leave it there. There’s plenty more……

 

It all boils down to what they are using the money for. If they are just diluting shareholders to keep the lights on, that isn’t good.

 

50 bucks plus $2.2B in long term debt and $4.2B in lease obligations. Frontier only has $244M in long term debt not counting leases. They aren't going to want to swallow the $2.2B as well as the leases, even for the 50 bucks. Plus what's in it for the current bondholders? Frontier stock? Won't be worth much once this debt load is added.