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Originally Posted by kangs
(Post 4024069)
Straight from the founder of B6: UA is not interested
https://viewfromthewing.com/jetblue-...y-will-buy-it/ |
Originally Posted by jdavk
(Post 4024073)
Which just means that the probability of it actually happening are now very high! ;)
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Originally Posted by kangs
(Post 4024069)
Straight from the founder of B6: UA is not interested
https://viewfromthewing.com/jetblue-...y-will-buy-it/ He is just angry that B6 can't acquire Breeze, which was his whole intention of starting Breeze just so he could come back and control what he founded. "Neeleman never fails"...some Blue Juicers (Jetblue company cool aid guys) say.......which is only true if you don't count his failures. His whole "success" formula only works with cheap, at-will labor. |
Originally Posted by kangs
(Post 4024069)
Straight from the founder of B6: UA is not interested
https://viewfromthewing.com/jetblue-...y-will-buy-it/ |
Originally Posted by Flyby1206
(Post 4024149)
UA not interested in JBs debt. There are ways to remedy that, mainly a prepackaged Ch11 filing with UA as a DIP provider and post-BK merger partner. The process would take 4-6mo allowing enough time for DOJ/DOT review under this current administration. I think the biggest hurdle to this plan would be Icahn/Galkin who own a combined ~18% of JBLU stock and would be wiped out during a Ch11 scenario.
SK wants very certain B6 assets that cannot be achieved through a merger. Spirit likely to liquidate this year and best case scenario for UA or any other major would be B6 going Ch7 asap to divvy up the assets. |
Originally Posted by Ripinpeace
(Post 4024241)
B6 has around $9B in debt. Optimistically, they can maybe wipe out $3B, maybe $4B? That’s still $5-6B of debt. Add up all the M&A costs UA would have to shell of their own pocket to integrate every single part of B6 over multiple years (that could otherwise be done organically). Onboarding a whole new fleet of A220’s alone is a costly endeavor. Re-painting & re-configuring too. How many times now has SK openly put down the idea of a merger? Several times now.
SK wants very certain B6 assets that cannot be achieved through a merger. Spirit likely to liquidate this year and best case scenario for UA or any other major would be B6 going Ch7 asap to divvy up the assets. |
Originally Posted by LifetimeCFI
(Post 4024245)
I agree. I think Bastion largely pointed to the consolidation to come largely being focused among the smaller players, I don't think any legacies will be outright merging with or acquiring any of the distressed or smaller players. I think it's more likely that one or more of Southwest, B6, F9, and AS are involved in mergers or acquisitions with each other or with carriers like Breeze. The leisure/VFR/economy stuff is beyond saturated, and that's where my unintelligent guess would be as for where consolidation is focused.
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While in an acquisition of B6 by UAL, I will most likely have depression and suicidal thoughts or actions…..so I’ll talk to my doctor before taking Cymbalta……but one silver lining is we may actually start flying the Airbus…….the way an Airbus is supposed to be flown and not making up our own way ……which not only is annoying but kind of borderline unprofessional
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Originally Posted by 11atsomto
(Post 4024587)
While in an acquisition of B6 by UAL, I will most likely have depression and suicidal thoughts or actions…..so I’ll talk to my doctor before taking Cymbalta……but one silver lining is we may actually start flying the Airbus…….the way an Airbus is supposed to be flown and not making up our own way ……which not only is annoying but kind of borderline unprofessional
By the way are you from Missouri? |
Originally Posted by jdt30
(Post 4024593)
you should have stayed there.
I've been at United long enough to get used to it. Doesn't mean it's the best way. I love when an FM revision comes out, and during the town hall, where the genesis of the changes is referenced. Recommendations from the manufacturer (Airbus) is like always the last.....I think that says it all. I will not reveal where I am from, but know that it is not Missouri. |
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