Spirt filed for Chapter 11 again
09-09-2025 | 09:14 PM
#201
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
Crap. I just closed on my new house with my Spirit captain pay while knowing I’d already accepted a class date with United. The loan was based on pay checks that I knew before hand weren’t going to continue. What kind of trouble have I exposed myself too?
09-09-2025 | 10:10 PM
#202
On Reserve
Joined: Jul 2018
Posts: 151
Likes: 21
This is all incorrect. Number 1, NK does own about 50 airplanes. 2, leased aircraft can still be acquired in a 363. The lease is what is the asset being sold, not the aircraft itself. Obviously the long term debt from the leases is still owed, but spirits debt from years of poor performance can easily be avoided by the acquirer.
09-09-2025 | 10:39 PM
#203
Gets Weekends Off
Joined: Aug 2006
Posts: 2,022
Likes: 100
09-10-2025 | 12:25 AM
#204
On Reserve
Joined: Dec 2023
Posts: 129
Likes: 51
From: 320 PIC
09-10-2025 | 01:33 AM
#205
On Reserve
Joined: Dec 2023
Posts: 129
Likes: 51
From: 320 PIC
I like how there’s optimism, that’s good. But most have hopium and hope isn’t a plan.
09-10-2025 | 06:45 AM
#207
On Reserve
Joined: Sep 2015
Posts: 134
Likes: 8
The important part is what happens to the pilots. I mean as far as we are concerned. Someone can take the planes, they don’t have to take the pilots. There’s no good reason to either.
I like how there’s optimism, that’s good. But most have hopium and hope isn’t a plan.
I like how there’s optimism, that’s good. But most have hopium and hope isn’t a plan.
09-10-2025 | 06:47 AM
#208
On Reserve
Joined: Dec 2023
Posts: 129
Likes: 51
From: 320 PIC
Whoever does it will cherry pick the assets. It’s cleaner and cheaper this way.
09-10-2025 | 07:17 AM
#209
On Reserve
Joined: Jan 2018
Posts: 46
Likes: 11
You’re right. But do you know how long conformity takes on a plane when acquired? They don’t hire pilots and f/a’s to sit around and wait. They will re hire when needed. Why take a 15 year captain when they can upgrade from within on the 3-4 year pay scale instead.
Whoever does it will cherry pick the assets. It’s cleaner and cheaper this way.
Whoever does it will cherry pick the assets. It’s cleaner and cheaper this way.
09-10-2025 | 07:46 AM
#210
Line Holder
Joined: Mar 2015
Posts: 300
Likes: 2
As someone who has been through this song and dance before I wouldn’t wish the experience on anyone. This was also back when you were lucky to find any decent job, let alone a flying gig. All I can say is the money showed available in our accounts and was later debited back to the issuer. Where that money went or whether it ever actually existed I do not know. I also forgot to mention the part where the company neglected to forward several paychecks worth of payroll taxes to the treasury, which was a lot of fun to work out with the IRS come tax time. I still think NK finds a way to work something out with F9. Seems like a marriage has been Franke’s dream for the last decade. Wishing nothing but the best for you guys and gals…truly.
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