Originally Posted by FriendlyPilot

You're right that something is getting ready to happen. Debevoise & Plimpton LLP just filed an application as counsel for Spirit in BK court as of yesterday. They have presided over a number of 363 asset sales. One notable one was High Ridge Brands, which includes products like Zest, Coast, Alberto VO5, Reach toothbrushes, etc which were acquired by different companies. The good news was when these products were acquired the employees just went to work for the new owner since they were compartmentally separate products. Not sure how that would work for employees where the entire airline isn't acquired and where the employees would go but its not out of the question for a single 363 acquirer to buy the remaining assets if they can get it without the debt.

The question is will the 363 sale be large enough that one acquirer buys enough assets to be forced to take all the employees or will the creditors just want an auction sale of assets to maximize their return?

Originally Posted by FlyFlorida2025

Spirit is about to pivot to a strategic transaction at a premium price and pilots are going to get their $280 million when the airline is sold. Spirit is not liquidating and never was. The question now is who is going to pay the most to acquire them. Will it be Southwest like I have been saying or will it be Frontier, Alaska, or American? My bet is still on Southwest. To all the gloom and doomers that have been spreading FUD for the last 4 months you are about to be proven wrong.

Originally Posted by Noisecanceller

still waiting for u to give us a date.

Originally Posted by FriendlyPilot

You're right that something is getting ready to happen. Debevoise & Plimpton LLP just filed an application as counsel for Spirit in BK court as of yesterday.

Originally Posted by SterileMan

how would they know the exact date? They’re just stating the obvious. But this date is rapidly approaching.

Originally Posted by Noisecanceller

That poster keeps talking like they know it’s happening. If they know then they must know when.

The date is rapidly approaching eh? This week? Next? Two months? A year? What’s rapidly?

Originally Posted by 8JRMfortheyear

Remind us again how leaving NK is a concession since you deleted prior post about it.

Originally Posted by SnowmanKiller

I think a transaction of some type will be announced January, just going off the tempo of actions in the docket.

Originally Posted by StoneQOLdCrazy

Have any other carriers recently retained similar law firms?