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Old Today | 12:28 PM
  #481  
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White House mulls using Defence Production Act in Spirit takeover

New details from CBS...Getting crazier by the headline.

Most surprising aspect is Spirit and United already went to the White House early April to sell Newark slots in a liquidation plan but white house rejected it
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Old Today | 01:40 PM
  #482  
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Originally Posted by havoste
White House mulls using Defence Production Act in Spirit takeover

New details from CBS...Getting crazier by the headline.

Most surprising aspect is Spirit and United already went to the White House early April to sell Newark slots in a liquidation plan but white house rejected it
Yeah - that Defense Production Act scenario (if true and not fake news) doesn't even pass the smirk test. In no way is Spirit even tangentially connected to any element of national defense unless it becomes a military charter airline.
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Old Today | 01:44 PM
  #483  
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Originally Posted by havoste
White House mulls using Defence Production Act in Spirit takeover

New details from CBS...Getting crazier by the headline.

Most surprising aspect is Spirit and United already went to the White House early April to sell Newark slots in a liquidation plan but white house rejected it
Trump officials rejected that idea. The federal government owns slots, which would be preserved to make Spirit more attractive for a future owner, one of the sources said.”

The Pentagon would use Spirit's excess capacity for transporting troops, military cargo or other missions, sources told CBS News.”

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Old Today | 01:48 PM
  #484  
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Originally Posted by LTJ9
Trump officials rejected that idea. The federal government owns slots, which would be preserved to make Spirit more attractive for a future owner, one of the sources said.”

The Pentagon would use Spirit's excess capacity for transporting troops, military cargo or other missions, sources told CBS News.”

You forgot the last line of that article "Until they are acquired".

Essentially the government is going to subsidize NK until someone buys them.
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Old Today | 02:01 PM
  #485  
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Originally Posted by Chimpy
You forgot the last line of that article "Until they are acquired".

Essentially the government is going to subsidize NK until someone buys them.

Yes, you’re right and the other debtors will most likely only agree if there seems to be a high probability of a sale before liquidation, so they can get their money back.

“Under a bailout plan being discussed for Spirit, the government would lend Spirit $500 million and become the top debtor in the bankruptcy pecking order”

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Old Today | 03:49 PM
  #486  
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Originally Posted by Chimpy
You forgot the last line of that article "Until they are acquired".

Essentially the government is going to subsidize NK until someone buys them.
JetBlue could get them for pennies on the dollar.
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Old Today | 03:58 PM
  #487  
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Originally Posted by MCDUmanipulator
how does getting rid of some of the lowest pay rates in the industry “drive our wages down”?
It does not…
His first paragraph is complete garbage that makes no logical sense.
The second paragraph is the typical virtue signal that anyone who dares comment on anything spirit and isn’t overly positive is a scumbag POS. I have not seen one person gloating or celebrating Spirit going down on any forum btw.
This is followed by an incoherent diatribe about more made up crap that makes no sense.

The actual point of the comment was that he wants you to know what a great person he is because he calls out the “haters”.
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Old Today | 03:58 PM
  #488  
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Originally Posted by FriendlyPilot
JetBlue could get them for pennies on the dollar.
jetblue is next one out......
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Old Today | 03:59 PM
  #489  
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Originally Posted by havoste
White House mulls using Defence Production Act in Spirit takeover

New details from CBS...Getting crazier by the headline.

Most surprising aspect is Spirit and United already went to the White House early April to sell Newark slots in a liquidation plan but white house rejected it
this will age as well as the "emergency" tariffs did...
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