Care to share how Spirit will be bought for enough the pilots get a check?

As it is, Frontier is the only game in town, and apparently Spirit and Frontier are on the edge of not making a deal. An acquisition is clearly a financial strain on Frontier and it may not happen. Even if it does, Fearit will still have a failed business model and will burn cash even faster.

It would of course be best for everyone if a viable, capitalized airline acquired Spirit. But it's complete hopium that it will happen. I want to be wrong. FlyFlorida please tell me why you're so confident SW will swoop in?

 

Dude. Enough.

 

https://www.prnewswire.com/news-rele...302645979.html

I know the world has been hard on you recently. Maybe some Christmas SPIRIT could cheer you up!

 

It’s interesting how when certain media outlets reported that Spirit was going to close the doors overnight that people ignored them as unsubstantiated reports, however when those same sources report potential merger talks it’s suddenly gospel.

 

Bloomberg reported on us shutting down this weekend?

 

Good. I genuinely wish all of you the best from the sh***y situation you find yourselves in.

 

Sure! Because Spirit built their entire restructuring around aligning everyone’s interests so that everyone gets paid — or the whole thing collapses. Frontier is only one of three parties that are currently being vetted. The reason the pilots get paid is because Spirit has structured everything in a way that makes it almost impossible for a buyer to acquire them without paying everyone. All the aircraft lessors, pilots, DIP lenders, etc., have been cooperating and making concessions. If they are impaired in any way, all the concessions everyone agreed to fall apart, and then you have a mess. They also slipped in a $1.1 billion internal loan that has to be paid as well, which will most likely result in residual value for equity. At the end of the day, I believe Southwest will be the buyer. Here is a clue — research the implications of page 24, sections (iv) and (v). https://document.epiq11.com/document...=SPJ&source=DM

 

everyone is all giddy because there’s a new F9 CEO.

our union has said this morning that he’s “a pleasant change”.

 

I love Christmas, but WTF how much did that cost?

 

Definitely not cheap. Odd that an airline struggling to survive the week would do this.