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Spirt filed for Chapter 11 again

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Old 09-12-2025 | 01:46 PM
  #271  
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Originally Posted by APCbot
1. How do you find this?
2. What's weird about it? Explain for those of us who don't know squat.
3. Why are you on here bothering these guys? Jesus even I'm tired of it, and I don't work at Spirit. I think they know they're most likely srewed. No offense to the Spirit guys.
it’s listed under the Epiq bankruptcy website. Just a small creditors opinion for asking the judge that if it does goes chapter 7 that 10 planes stay on and they can try to make a boutique luxury airline.

this groups does not hold much weight in what happens though.
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Old 09-12-2025 | 01:58 PM
  #272  
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Originally Posted by APCbot
1. How do you find this?
2. What's weird about it? Explain for those of us who don't know squat.
3. Why are you on here bothering these guys? Jesus even I'm tired of it, and I don't work at Spirit. I think they know they're most likely srewed. No offense to the Spirit guys.
Anyone with a PACER account can find these. PACER is the site that companies and courts use to manage filings and notices. I've never seen anything like this. What are we supposed to post in a forum about Spirit Airlines? Stuff about Spirit? This is not the ALPA Spirit pilots website. They probably have their own site for posting whatever they want just to their group. Why are you on here reading about Spirit if you don't work there? You can come on here and I can't? Be real.
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Old 09-12-2025 | 02:01 PM
  #273  
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Originally Posted by redhot
it’s listed under the Epiq bankruptcy website..
Never heard of Epiq. I've been a PACER member for years. Its literally the platform for all postings for all cases. Other sites like the ones you mention might scrape date from here, but PACER is where the courts and attorneys all file their motions, filings and decisions to. Its the defacto platform for anything in a federal court.
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Old 09-12-2025 | 02:05 PM
  #274  
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Originally Posted by FriendlyPilot
I'm guessing other entities can see what Spirit management just did to a group that came in to help out and don't want the same thing to happen to themselves.
Yeah that was a pretty crappy move on Spirit management's part. Basically a big f-you to anyone who leant them money. Who would do the same thing again?
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Old 09-12-2025 | 02:05 PM
  #275  
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Originally Posted by FriendlyPilot
This was just filed in BK court. The stuff being filed is flat out weird. Also the list of claimants is growing rapidly.

I, Ameer Flippin, CEO of Harlem Park Partners, Inc. (the "Movant"), a pro se litigant and
interested party in the above-captioned cases, by and through this Objection, ex-parte, respectfully
objects to the Motion of the Debtors for Entry of an Order (I) For Authority to (A) Enter Into
Agreements Under Section 1110(a) of the Bankruptcy Code, (B) Enter Into Stipulations to Extend the
Time to Comply With Section 1110 of the Bankruptcy Code, and (C) File Redacted Versions of Such
Agreements and Stipulations and (II) Approving Related Procedures (the "Motion"). The Movant further
requests that the Court, in any Order authorizing the Motion, mandate that a minimum of ten (10)
aircraft be set aside and designated for a potential breakup and launch of a debt-free new luxury
airline in the event and in the alternative to a possible conversion to a Chapter 7 Bankruptcy liquidation
where legacy shareholders can possibly recoup losses after two failed Chapter 11 reorganizations. In
support of an alternative strategic breakup, the 10 aircraft vessels should be placed in a separate newly
organized “Asset Trust” in support of salvaging a shareholder equity strategy. A Motion to allow aircraft
vessels to be sold securing debt implies a possible forthcoming Chapter 7 Bankruptcy liquidation
proceeding.
That was filled a week ago. He filled a withdrawal yesterday.
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Old 09-12-2025 | 02:38 PM
  #276  
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Originally Posted by Lincoln Osiris
That was filled a week ago. He filled a withdrawal yesterday.
Thank you very much. I didn't see that. The number of filings are ramping up because creditors are filing appearance notices. So I just read a couple of the motions to see if there was anything interesting. Unfortunately motions and appearances are not titled in PACER, so you have to download the whole thing to read it.

And just because I'm OCD and the title of this thread is killing me every time I see it, the word FILED only has one L in it. FILLED means "something that was empty or not full but is now totally full". FILED with one L means "to file in a court". Maybe its FILLED in French. I don't know.

Its just like when I read "LOOSE or LOOSING money". LOOSE is "not tight". LOSE is opposite of gain or win.

I know I do not have perfect grammar, but common stuff like this just drives me nuts and its hard to not respond.
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Old 09-12-2025 | 02:53 PM
  #277  
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Originally Posted by FriendlyPilot
Thank you very much. I didn't see that. The number of filings are ramping up because creditors are filing appearance notices. So I just read a couple of the motions to see if there was anything interesting. Unfortunately motions and appearances are not titled in PACER, so you have to download the whole thing to read it.

And just because I'm OCD and the title of this thread is killing me every time I see it, the word FILED only has one L in it. FILLED means "something that was empty or not full but is now totally full". FILED with one L means "to file in a court". Maybe its FILLED in French. I don't know.

Its just like when I read "LOOSE or LOOSING money". LOOSE is "not tight". LOSE is opposite of gain or win.

I know I do not have perfect grammar, but common stuff like this just drives me nuts and its hard to not respond.
Their over they’re with there friends!

*laughs in hidden*
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Old 09-12-2025 | 06:48 PM
  #278  
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Originally Posted by APCbot
1. How do you find this?
2. What's weird about it? Explain for those of us who don't know squat.
3. Why are you on here bothering these guys? Jesus even I'm tired of it, and I don't work at Spirit. I think they know they're most likely srewed. No offense to the Spirit guys.
The airline that’s in bankruptcy is asking the judge for permission to make certain deals with its lenders so it can keep using its airplanes during the bankruptcy. These deals are allowed under a special part of bankruptcy law (Section 1110), which basically gives airplane lenders extra protection.
  • Wait a second — if the court just lets the airline do this, all the planes could end up tied to debt, and if the airline fails again, there will be nothing left for shareholders.”
  • Instead, you’re asking the judge to set aside 10 airplanes in a kind of “safe box” (you call it an Asset Trust).
  • The idea is that if this reorganization fails and the case turns into a Chapter 7 liquidation (which means the airline is shut down and its stuff sold off), those 10 planes could be used to start a brand-new, debt-free luxury airline.
  • That way, there’s at least a chance for shareholders to recover some of their investment, instead of losing everything after two failed attempts to reorganize.


I used my own intellect and not Ai to understand per the APC roe.
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Old 09-12-2025 | 07:25 PM
  #279  
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Originally Posted by northdakota
Every single Spirit pilot will have a great future, whatever happens here.

What about the married Spirit pilots? Will they not have a great future too?
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Old 09-12-2025 | 07:30 PM
  #280  
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Originally Posted by Halon1211
What about the married Spirit pilots? Will they not have a great future too?
They’re doomed to divorce and furlough. Only single pilots succeed.

/s
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