Spirit Airlines goes KAPUT. Before blaming Trump read the fine print

[Divine Wind]

Spirit could have been merged with JetBlue not that long ago, but BIDEN and his GANG said no.

Spirit had almost $15 billion of debt and future obligations on the books when it finally gave up.

And yet the democrats are trying to blame Trump because fuel prices went up. LOL. Spirit was on life support a long time before we got here.

It was a famously crappy airline and the butt of several jokes.

 

[Robert W]

On the call were the major bondholders of Spirit Aviation Holdings — including Ken Griffin's Citadel and Ares Management Corp. — and the question on the table was whether to accept the rescue terms the Trump administration had put forward.

The proposal: a $500 million federal injection that would give the U.S. government a 90% equity stake in the reorganized carrier, with the Pentagon agreeing to use Spirit's excess capacity to move troops and cargo for the escalating Middle East conflict.

Billionaire Ken Griffin’s Citadel and Ares Management just killed Trump’s $500 million plan to save Spirit Airlines

The most consequential decision in the final week of Spirit Airlines’ 34-year history was not made in a White House briefing room or at a Department of Transportation hearing. It was made in a creditor conference call. On the call were the major bondholders of Spirit Aviation Holdings —...

www.yahoo.com

 

[Robert W]

Because the investors never answered Trump and his bailout deal.

Which investors and what was his bail out deal?

 

[Lesh]

Which investors and what was his bail out deal?

Dude try researching something on your own for once

 

[Moonglow]

Which investors and what was his bail out deal?

The Don was gonna give 500 million for 90 percent and allow the Pentagon to ferry troops and cargo.

Billionaire Ken Griffin’s Citadel and Ares Management just killed Trump’s $500 million plan to save Spirit Airlines

The most consequential decision in the final week of Spirit Airlines’ 34-year history was not made in a White House briefing room or at a Department of Transportation hearing. It was made in a creditor conference call. On the call were the major bondholders of Spirit Aviation Holdings —...

www.yahoo.com

 

[Moonglow]

Dude try researching something on your own for once

But...

 

[Sparker]

More airlines will probably shut down. Surviving airlines will probably reduce service. Bankruptcies will be final for most corporations as creditors and investors become more cautious.

But people who want to live in airplane home conversions can probably get some deals now.

 

[Delldude]

Spirit had it’s problems but the straw that broke the camel’s back was the price of fuel.

They operated under higher fuel prices from Biden .

 

[Delldude]

The Don was gonna give 500 million for 90 percent and allow the Pentagon to ferry troops and cargo.

And the investor's still said no thanks.

 

[dudmuck]

They operated under higher fuel prices from Biden .

 

[Nostra]

Kalifornia: $6.13
Texas: $3.98.

Washington: $5.70
Florida $4.32


Seems to me it’s a liberal issue.

 

[Delldude]

It's $4.18 at the moment.

Key 2022 Jet A Fuel Cost Details

Average Cost (2022)

Regional Variances (US):

In May 2022, prices reached \(\$7.96\) in New England and \(\$7.08\) in the Western Pacific region.

FBO/Private Jet Fuel:

Retail prices for private aviation were much higher, with rates in May 2022 often exceeding \(\$7\) to \(\$13\) per gallon.

 

[Robert W]

Dude try researching something on your own for once

Simply say Lesh does not know.

 

[Nuthin' Fancy]

Bankruptcy court shut down that shuttle.

That's were people go to finalize bankruptcies.

Trump is used to it.

 

[eagle1462010]

3.59 L.A. lower alabama

 

[Lesh]

Yup

Trump did this on purpose

It was an entirely unforced error