Please join us this Saturday, March 5, at 7:30PM for a retirement party in honor of Joe C. at Docker’s in Dania Beach, Fla.

Joe has enjoyed a long and distinguished career as both a decorated military and a civilian aviator. He has also been a friend to us all. Come help us send him off into retirement with a celebration that honors these achievements!

Dockers Cafe
318 North Federal Highway
Dania Beach, FL 33004
(954) 920-7072

 

I don't know Joe personally however this is a really nice thing to do for him.

 

LATEST INSIGHT
March 1, 2011 Print | ShareThis IPO Watch: Spirit Airlines Gears Up for Spring Break Offering


(Westlaw Business) A $300 million IPO could mean a nice spring break for Ft. Lauderdale’s Spirit Airlines. Backed by investors Oaktree Capital Management and Indigo Partners, the nascent carrier will soon list as SAVE on NASDAQ.

Anthony J. Richmond and Robert W. Phillips of Latham & Watkins (Menlo Park) represented Spirit. Leslie N. Silverman of New York’s Cleary Gottlieb Steen & Hamilton advised the underwriters.

The company plans to use half the proceeds ($150 million) for general corporate purposes including cash reserves. Spirit has also allocated approximately $5 million for “commitment fees owing to affiliates of Oaktree and Indigo that provided guarantees in connection with [Spirit’s] letter of credit facility.” Indigo will also receive $1.6 million in connection with the termination of its professional services contract with Spirit.

Oaktree gained control of Spirit after investments in 2004 and 2005. The company reorganized in 2006, with Indigo acquiring a majority stake. Recapitalized in September 2010, Spirit has $137.3 million in loans outstanding to Oaktree (17%), and another $137.3 million owing to Indigo.

The carrier, which began as a trucking company in the 1960s, now focuses on Latin American and Caribbean routes as a low-cost airline.

 

Does this mean we have an(some) investor(s)? Or is it just that we got approved to do an IPO from the feds? Inquiring minds want to know. Anyone see 606 yet?

 

I think its gearing towards approval from the Exg Commission(?).

I saw 607!

 

Has 606 or 607 started rev flying yet?

 

Yup, they're both flying rev.

 

Anyone knows what's happening in HQ today?

 

Anyone heard of people getting interviews with slightly less than 4k TT and no Turbine PIC? What would it take?

 

No


(Filler)