Originally Posted by Chimpy

So why not just file CH11 again ( A real one) , get rid of the Debt and merge with F9... Seems like the only real way forward, no?

Originally Posted by FlyGuy2002

I completely agree that United has zero interest in us. To your other points.. didn’t we have 2 airlines in the past 3 years make offers to buy us ? One of them offering a whopping 3.1 billion knowing full well the cost of new seats, paint, integration headaches as well as our debt situation? Clearly these two airlines, knowing the headaches saw enough value to even get into a bidding war. Who’s to say someone else doesn’t see the same now ?

all I’m saying is if someone sees enough long term value for the right price they’ll make a move . Pilots are less needed now than 3 years ago, and Boeing just pumped out more planes than they have in 6 years.. so the dynamics have changed certainly. But if you offered me a totally dilapidated house in a sought after neighborhood at a bargain basement price .. no matter the headaches I face .. if I see long term value after the renovations.. ill snag it.

Originally Posted by CincoDeMayo

Frankly speaking; if any airline offers you a job when on furlough, you take it if it means resigning your recall rights. And yes, as explained to me by the NC, there really isn’t a likely scenario where someone comes in, wants NKs leased planes, the lease holder (bank) says ok, and the pilots go with it. Most likely the planes for back to the bank and then overseas. It’s why they haven’t proceeded with any scope fragmentation additions in these furlough MOUs, it isn’t worth the paper it’s written on.

Originally Posted by FlyGuy2002

I completely agree that United has zero interest in us. To your other points.. didn’t we have 2 airlines in the past 3 years make offers to buy us ? One of them offering a whopping 3.1 billion knowing full well the cost of new seats, paint, integration headaches as well as our debt situation? Clearly these two airlines, knowing the headaches saw enough value to even get into a bidding war. Who’s to say someone else doesn’t see the same now ?

all I’m saying is if someone sees enough long term value for the right price they’ll make a move . Pilots are less needed now than 3 years ago, and Boeing just pumped out more planes than they have in 6 years.. so the dynamics have changed certainly. But if you offered me a totally dilapidated house in a sought after neighborhood at a bargain basement price .. no matter the headaches I face .. if I see long term value after the renovations.. ill snag it.

Originally Posted by FriendlyPilot

Yes. And when they realized it was going to be a bad deal, they tanked it and then paid a bunch of merger cancellation fees.

The house analogy is like those $1 houses in Detroit in 2008. They were homes with $20k market values, but had $40k in liens attached to them. So there weren't really $1 houses.

Spirit has a bunch of debt and no way to repay it. They aren't worth buying. Nobody will buy them outright. Even for $1 because its not $1 its $3B...for what exactly? Their market cap is $115M for a reason.

Originally Posted by FriendlyPilot

Yes. And when they realized it was going to be a bad deal, they tanked it and then paid a bunch of merger cancellation fees.

The house analogy is like those $1 houses in Detroit in 2008. They were homes with $20k market values, but had $40k in liens attached to them. So there weren't really $1 houses.

Spirit has a bunch of debt and no way to repay it. They aren't worth buying. Nobody will buy them outright. Even for $1 because its not $1 its $3B...for what exactly? Their market cap is $115M for a reason.

Originally Posted by FlyGuy2002

They didn’t tank it. They kept going to the shareholders over and over to take more to make sure it DID happen. All the way to court. They coulda backed out after the board voted 9-0 against . They kept pushing for it . And the breakup fee was an enticement to the shareholders as a carrot to entice even more to vote yes. They did. The court decided the deal. Not the airline that wanted it .

and if they weren’t worth buying then why the offer for 3.1 and 1.8 x a billion respectively. If the price is right .. someone will get the entire operation , lock stock and barrel for a fraction of what 2 airlines were willing to pay not too long ago.

Originally Posted by FlyGuy2002

if they weren’t worth buying then why the offer for 3.1 and 1.8 x a billion respectively.

Originally Posted by FlyGuy2002

If the price is right .. someone will get the entire operation , lock stock and barrel for a fraction of what 2 airlines were willing to pay not too long ago.

Originally Posted by FriendlyPilot

Both of those offers were before the P&W engine issues.



A "fraction of the price" plus $3B in debt? Who's going to do this? Not Frontier with an entire market cap of $1B. The last thing Frontier needs is to start having to service $3B in debt plus all the problem with P&W engines.

I get trying to promote an acquisition because it makes it easier to get on a different seniority list, but there are no airlines interested in Spirit anymore. Yes there was 3 1/2 years ago when Frontier made its offer and then 3 years ago when Jetblue made its offer, but a LOT has changed since then.