Spirt filed for Chapter 11 again

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09-02-2025 | 09:29 AM

#91

VacancyBid

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Joined: Jan 2024

Posts: 892

Likes: 151

“Theatening other steps” is very broad. You might even argue that hiring that latest bankruptcy consultant meets that threshold.

09-02-2025 | 09:40 AM

#92

Name User

Gets Weekends Off

Joined: Mar 2014

Posts: 4,111

Likes: 290

Quote:

Originally Posted by VacancyBid

“Theatening other steps” is very broad. You might even argue that hiring that latest bankruptcy consultant meets that threshold.

Well Spirit themselves said they'd be bankrupt again within the year in mid-August. Then two weeks later they were.

09-02-2025 | 10:18 AM

#93

Jdub2

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Joined: Mar 2018

Posts: 655

Likes: 83

Quote:

Originally Posted by VacancyBid

“Theatening other steps” is very broad. You might even argue that hiring that latest bankruptcy consultant meets that threshold.

And depending on how law works “threatening” might not mean just actions and words, but also passive situation. Perhaps their argument is that a precarious position, especially when the card processors increased the holdback, is “threatening” bankruptcy

09-02-2025 | 10:27 AM

#94

a2cbus

On Reserve

Joined: Oct 2016

Posts: 81

Likes: 16

Quote:

Originally Posted by Jdub2

This, along with the hiring of the bankruptcy and M/A consulting firm probably didn’t create a lot of confidence in our lessor.

Thanks for the insight, I agree with you and Vacanacybid.

09-02-2025 | 01:20 PM

#95

VacancyBid

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Joined: Jan 2024

Posts: 892

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https://www.cnbc.com/amp/2025/09/02/...-takeover.html

not aercap but i wonder if this is involved

09-02-2025 | 02:21 PM

#96

69fastback

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Joined: Mar 2018

Posts: 378

Likes: 24

EDIT- double post

09-03-2025 | 03:22 PM

#97

shrsailplanes

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Joined: Nov 2017

Posts: 852

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I have no doubt Spirit will make it out of this. Stand strong and you’ll be at the top of the ULCC’s once more. Keep the faith.

09-04-2025 | 05:40 AM

#98

StoneQOLdCrazy

Bent over by buybacks

Joined: Feb 2017

Posts: 1,565

Likes: 500

Quote:

Originally Posted by shrsailplanes

I have no doubt Spirit will make it out of this. Stand strong and you’ll be at the top of the ULCC’s once more. Keep the faith.

Quote:

Originally Posted by shrsailplanes

Why rescue Spirit just to have them compete with Frontier?

Quote:

Originally Posted by shrsailplanes

I’m not saying the contract killed them, but Spirit is far more vulnerable to chopping up the contract than Frontier is. If that were to happen, it would be lucrative to have Spirit be the parent entity in a merger

Wat?
filler

09-04-2025 | 06:02 AM

#99

PineappleXpres

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Joined: Apr 2022

Posts: 1,732

Likes: 102

Quote:

Originally Posted by StoneQOLdCrazy

Wat?
filler

Pathology

filler….

09-04-2025 | 06:19 AM

#100

Chimpy

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Joined: Nov 2015

Posts: 1,862

Likes: 173

Not sure if anyone subscribes to “Visual Analytics” but they had an interesting article on NK shrinking down to an All CEO flight and may work out significantly better for an acquisition

“Perhaps, but that’s unlikely to be the outcome. Consider that an all-CEO airline focused around the strengths of Spirit’s network - including the sexy FLL gates and Latin American presence, no more exposure to GTF problems, and a leveraged, yet fully controlled fleet of CEO aircraft - suddenly becomes a VERY attractive acquisition target. All of what other airlines want, with none of the extras.”

https://weekly.visualapproach.io/p/will-spirit-reject-its-neo-fleet?utm_source=weekly.visualapproach.io&utm_medi um=newsletter&utm_campaign=will-spirit-reject-its-neo-fleet&_bhlid=630e79ce88320b20ec3a4d4c5c5c3a306fbe4 916