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CRJ5000 wrote:Plenty of talk going on in the merger thread, but nothing in the Spirit thread. Taken from the article linked below - "The best-case scenario for Spirit would be a Chapter 11 filing, followed by a liquidation (Chapter 7), according to TD Cowen analyst Helane Becker."
Spirit - Spirit Airlines Ch.11 - Originally Posted by Wk067781 Judge William Young buying shares That **** needs to rot in Hell.
Spirit - Spirit Airlines Ch.11 - Originally Posted by checkgear Run the numbers for an average fleet of 170 for 2025 at 15 pilots per plane and compare that to the current size of the airline. Doesn’t take an aeronautical engineer to work that one out.
Those airlines can hire anyone they want and there is no federal regulation that says they have to hire precisely in the same ratio as before. If anything, all those airlines can argue that they believe Spirit will not last and that hiring those Captains is an opportunity to hire experienced pilots that have chosen to work elsewhere.
Spirit - Spirit Airlines Ch.11 - Originally Posted by BKbigfish There was less overlap but the real reason the DOJ let it sail through was because they realized they messed up blocking the B6/NK merger and didn’t want any more egg on the administration’s face going into an election year. that’s not the reason at all.
Often IATA codes are assigned at random especially if the logical assignment is already taken, hence why Southwest is WN rather than SW (already taken by Air Namibia). Obviously Spirit Airlines couldn't take the logical SA since that already belonged to South African. My guess is NK is just a random assignment.
Spirit - Spirit Airlines Ch.11 - Originally Posted by dera Ansett Airways has entered the chat with their 3-man 767. Originally Posted by Hedley I believe the original Frontier did the same on the 737 for a brief time??? Originally Posted by JurgenKlopp United had a third guy as well on the Thunder Guppy. Sorry for the
Spirit is going to play hard ball as they ramp up for Ch 11. The big question is now is who will finance the airline while in CH 11. Credit card processors are holding all the cash so Spirit will need working capital to run the day to day operations like payroll that still need to be made.
Their problem is Spirit took a very different approach to the successful European ULCCs, by mostly flying head to head with established airlines. Almost half of their seat capacity flies head-to-head with Southwest, and about 1/3 against Delta, 1/3 against Frontier, 1/3 against American and about 1/5 against United.
Spirit - Spirit Airlines Ch.11 - It's the airline business! All of the airlines have filed chapter 11! Not many new pilots know the true history of there company of this business and fight's of unions