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Spirt filed for Chapter 11 again


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Spirt filed for Chapter 11 again

Old 12-07-2025 | 03:17 PM
  #471  
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Originally Posted by FriendlyPilot
First of all American can't afford the $3B+ in added debt that would come with a full acquisition as they can't even afford to make interest payments on their existing debt.
AA is paying down debt faster than scheduled and has 100's of new airplanes on order. I don't think they are interested in the Spirit aircraft because of conversion costs. They passed on the previous aircraft that were sold.
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Old 12-07-2025 | 03:43 PM
  #472  
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Originally Posted by RiddleEagle18
American Airlines requests notices in Spirit bankruptcy proceedings.

https://www.reuters.com/business/ame...gs-2025-12-07/
"The filing is related to an "airport-specific agreement," said an American Airlines spokesperson."
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Old 12-07-2025 | 04:42 PM
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Originally Posted by FLYBOYMATTHEW
"The filing is related to an "airport-specific agreement," said an American Airlines spokesperson."

LGA slots they are currently leasing to NK
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Old 12-07-2025 | 05:08 PM
  #474  
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the vultures are circling the carcass
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Old 12-07-2025 | 06:09 PM
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Originally Posted by flier320
the vultures are circling the carcass
My guess too. Just looking to see if there’s anything worth buying.
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Old 12-07-2025 | 06:39 PM
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Originally Posted by FLYBOYMATTHEW
"The filing is related to an "airport-specific agreement," said an American Airlines spokesperson."
It's literally because we sold them 2 gates in ORD. How did none of y'all hear about that? Happened like 2 weeks ago.
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Old 12-07-2025 | 06:50 PM
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Originally Posted by JulesWinfield
AA is paying down debt faster than scheduled and has 100's of new airplanes on order. I don't think they are interested in the Spirit aircraft because of conversion costs. They passed on the previous aircraft that were sold.
Sort of. In the last 4 years American is only $1.5B ahead of debt repayment that was already scheduled. That came at the cost of cash on hand. They were willing to reduce their cash because operating cash flows weren't going to bring it down. Also they said they wanted to have total debt of under $35B by 2027, which they won't come close to making if they buy Sprit.

Also AA management has already said that of the 300 orders about 230 of them are replacing older planes. All of which will have to be financed or leased, making it harder for them to dig out of their debt hole and another reason they aren't buying Spirit in whole.
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Old 12-07-2025 | 07:06 PM
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Originally Posted by FriendlyPilot
Sort of. In the last 4 years American is only $1.5B ahead of debt repayment that was already scheduled. That came at the cost of cash on hand. They were willing to reduce their cash because operating cash flows weren't going to bring it down. Also they said they wanted to have total debt of under $35B by 2027, which they won't come close to making if they buy Sprit.

Also AA management has already said that of the 300 orders about 230 of them are replacing older planes. All of which will have to be financed or leased, making it harder for them to dig out of their debt hole and another reason they aren't buying Spirit in whole.
Interesting how you will paint everything in black when it's not UA, but on our UA thread if we don't see unicorns and rainbows everywhere you get upset.
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Old 12-07-2025 | 07:17 PM
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Originally Posted by symbian simian
Interesting how you will paint everything in black when it's not UA, but on our UA thread if we don't see unicorns and rainbows everywhere you get upset.
Not accurate. Only when people are spreading misinformation. Also my refuting mostly bad takes isn't "getting upset". Its all backed by facts. I don't have a high degree of attachment to the outcome of United or any other airline, since I do not make business decisions for any of these companies. Much like the UAL pilot forum the APC forum is dominated by negative people literally predicting worse case scenarios or highly exaggerated negative sentiments. As has been noted I am only giving facts, and not "rosy opinions'. When management says "we are hiring 2,500 in 2026" echoing that isn't "unicorns and rainbows". Its literally passing information.

When someone comes on and asks about upgrade times like they did last February, and some guy says "I think the junior captain on the last bid was 5 years" (when it was in fact just over 2 years) I point out that mistake. Because if you are only listening to negative hyperbole and not actual data, you will make suboptimal decisions.
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Old 12-07-2025 | 07:51 PM
  #480  
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Originally Posted by FriendlyPilot

Also AA management has already said that of the 300 orders about 230 of them are replacing older planes
AA is not retiring a single aircraft in their mainline fleet for at least the rest of this decade,
as reported in their earnings. Would welcome a source of your claim, you can private message me to keep it off the NK forum since this isn’t NK specific.
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