JetBlue gets a little pro-active to get approval for merger with Spirit

[SWAMECH]

JetBlue is now making some moves in order to get approved for the merger with Spirit just a couple weeks after getting shot down to do the north east alliance with AA. Selling assets to Frontier might be a very good idea ahead of merger ruling. Just one question on the selling only to Frontier of the LaGuardia assets. Shouldn't that be handled by the DOT/DOJ for airlines to bid for such slots? So all airlines might have a shot?? Just thinking out loud here...

JetBlue strikes a deal to sell Spirit's LaGuardia operation if it succeeds in buying Spirit

JetBlue Airways said Thursday it has agreed to sell Spirit Airlines’ holdings at New York’s LaGuardia Airport to Frontier Airlines if it succeeds in buying Spirit. “We are committed to ensuring our combination with Spirit preserves ultra low-cost carrier access in New York,” JetBlue CEO Robin...

finance.yahoo.com

 

[eolesen]

They're not doing this out of the goodness of their heart. They've already been told what they're going to have to give up. If they can get ahead of it and do something before the doj orders it, then they control their destiny. They know Frontier is not a threat.

 

[SWAMECH]

Even more negative news while JB is trying to buy Spirit, both airlines are affected by the P&W engine issues. What a headache. So was it worth it to go with the AB option instead of keeping it in America with Boeing?? Now you will learn the hard way for going foreign with the A/C purchase.

Airlines are scrambling to find spare parts after a major engine manufacturer issued a recall

Pratt & Whitney announced last month that 1,200 engines would have to be removed from Airbus jets for "enhanced inspection," affecting airlines.

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[CorvetteMan]

Even more negative news while JB is trying to buy Spirit, both airlines are affected by the P&W engine issues. What a headache. So was it worth it to go with the AB option instead of keeping it in America with Boeing?? Now you will learn the hard way for going foreign with the A/C purchase.

Airlines are scrambling to find spare parts after a major engine manufacturer issued a recall

Pratt & Whitney announced last month that 1,200 engines would have to be removed from Airbus jets for "enhanced inspection," affecting airlines.

www.yahoo.com

Hmm. How long was the Max grounded?

Gee two major crashes and a couple of hundred deaths.

And how long was the 787 grounded?

And those are American made.

And it’s the engines, not the plane, and those engines are American made and there are engine choices.

And you do know 40% of an Airbus airplane are American built components and there are Airbus aircraft assembled in the US?

You don’t actually research before you post, do you?

You really make yourself look foolish.

 

[SWAMECH]

OOPS!!! Someone let the cat out of the bag. JetBlue's own documents show that they WILL raise Spirit's pricing after merger is completed. Just like I said they would have to when they convert all Spirit's seating over to JetBlue's by removing a number of rows. I will say the up to 40% is way larger than I was thinking, more like 15-20% is what I was thinking, but as high as 40%, WOW!!! That a huge jump and is more than likely the nail in the coffin for JetBlue getting blessed for the merger to go thru. The media is running hot this morning with the big mistake by JetBlue's side making the accidental release of this information and will have to TRY some major backpedaling to recover from it...

In court documents, JetBlue says it could raise fares on some routes after buying Spirit Airlines

JetBlue Airways estimates that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines and eliminating the low-fare carrier as a competitor on those routes. The internal calculations appeared in court filings made earlier this week, and which JetBlue says were...

finance.yahoo.com

JetBlue Plans to Hike Spirit Fares by up to 40%, Court Error Reveals. It’s a Blow to the Merger’s Chances.

The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.

finance.yahoo.com

 

[SWAMECH]

JB makes moves, as promised, and sell some assets off in hopes of getting approval for merger...

JetBlue Sells Off Spirit Assets in Bid to Win Merger Approval

Low-cost carrier JetBlue Airlines on Monday offered to sell off Spirt Airlines' assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.

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JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant

JetBlue Airways Corp said Monday it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant , as it works to win approval for its tie-up with Spirit. JetBlue said it had agreed to transfer two gates in Boston, two gates in Newark, and 43 takeoff and...

www.yahoo.com

 

[SWAMECH]

And the media buzz will start to pick up around the JB and Spirit merger court case coming up Oct 16th.
Senators send a question about the fares increasing. How nice. Hey JB will the fare prices increase? Oh NO Senators, we will actually save the flying public money. OH ok, thx., carry on with your merger then... LMAO!

US senator wants JetBlue CEO to answer if Spirit deal will hike air fares

(Reuters) -U.S. Senator Elizabeth Warren has asked JetBlue CEO Robin Hayes to answer if the low-cost airline privately forecast its planned $3.8 billion merger with Spirit Airlines will dramatically hike air fares, according to a letter seen by Reuters. Warren, a Democrat, cited reports that...

www.yahoo.com

 

[JimmyBop]

Meanwhile over at SCAMFA...mediation demand after only a year with Sun Country and ZERO TAs for the Spirit group over the same period. This is what happens when you go with amateurs. Stick to raiding...all the hard work is done for you Bret!

 

[Jalsporteam]

The end result of all AMFA raids, loss of efficiency in company, loss of specialty shops, outsourcing work, downsize workforce in order to give a base industry wage. Company moles infiltrate the workgroups to make a toxic work environment. In the end when sh!t hits the fan, where a skilled trade is needed, plane is grounded. Economic loss for the company, economic loss for the community and bankruptcy.

 

[SWAMECH]

Buzz killer for the merger, judge ruling kills merger for JB and Spirit. Now, maybe Frontier can step back in and pick up Spirit at a much-reduced cost than before. Or if Spirit does decide to go the BK route, maybe Frontier could invest enough to take over in case they fail to come out of it. Who knows until it all happens. But now we all move onto the Alaska and Hawaiian possible merger and see what happens there.

JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department had sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s...

www.yahoo.com

 

[CorvetteMan]

Buzz killer for the merger, judge ruling kills merger for JB and Spirit. Now, maybe Frontier can step back in and pick up Spirit at a much-reduced cost than before. Or if Spirit does decide to go the BK route, maybe Frontier could invest enough to take over in case they fail to come out of it. Who knows until it all happens. But now we all move onto the Alaska and Hawaiian possible merger and see what happens there.

JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department had sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s...

www.yahoo.com

Already a thread on this. Pay attention

 

[WeAAsles]

Already a thread on this. Pay attention

He has everyone on ignore so he really just likes talking to himself apparently. Weird.

 

[SWAMECH]

Way to go Biden admin. You deny a merger so not to take out competition with one of the largest ULCC, and yet it appears they will be out of business and possibly shut down because you blocked said merger. Way to go Biden, once again, you are the winner of something.

Spirit Airlines looking to refinance its debt, not considering restructuring -source

(Reuters) -Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters on Thursday. The company's shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge...

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[SWAMECH]

Glad to see this. An appeal is in order to follow the agreement, between JB and Spirit, as they need to exercise any and all avenues prior to paying that breakup fee in the contract. I still say JB would be overpaying by a large margin though.
By appealing, maybe Spirit and JB can sell it to another Judge by explaining that Spirit would go away by liquidation if merger not approved, so either way, Spirit would go away. So why not allow the merger and save jobs and people from heartaches and personal BK's? I hope they are successful with the appeal this time around.
JB Mechanics and other non-union groups, you may want to get represented prior to any appeal getting blessed. I know you guys already have a majority of AMFA signed cards, keep those coming in as that would be the quickest way to get represented by a Mechanics Class and Craft Union instead of the flooded industrial unions with all the other NON-class and craft groups being the majority represented. Spirit Mechanics are already represented, so get pro-active and let your voices be heard by getting represented. And, of course it would go so much smoother if both sides were represented by the same union, as AMFA has language for a smooth transition when AMFA represents both carrier Mechanics groups.

JetBlue and Spirit Airlines say they will appeal a judge's ruling that blocked their merger

JetBlue and Spirit Airlines said Friday they will appeal a federal judge's ruling this week that blocked their plan to combine into a single carrier. The airlines said they filed a notice of appeal with the 1st U.S. Circuit Court of Appeals, following the terms of their agreement. The Justice...

finance.yahoo.com

 

[CorvetteMan]

Glad to see this. An appeal is in order to follow the agreement, between JB and Spirit, as they need to exercise any and all avenues prior to paying that breakup fee in the contract. I still say JB would be overpaying by a large margin though.
By appealing, maybe Spirit and JB can sell it to another Judge by explaining that Spirit would go away by liquidation if merger not approved, so either way, Spirit would go away. So why not allow the merger and save jobs and people from heartaches and personal BK's? I hope they are successful with the appeal this time around.
JB Mechanics and other non-union groups, you may want to get represented prior to any appeal getting blessed. I know you guys already have a majority of AMFA signed cards, keep those coming in as that would be the quickest way to get represented by a Mechanics Class and Craft Union instead of the flooded industrial unions with all the other NON-class and craft groups being the majority represented. Spirit Mechanics are already represented, so get pro-active and let your voices be heard by getting represented. And, of course it would go so much smoother if both sides were represented by the same union, as AMFA has language for a smooth transition when AMFA represents both carrier Mechanics groups.

JetBlue and Spirit Airlines say they will appeal a judge's ruling that blocked their merger

JetBlue and Spirit Airlines said Friday they will appeal a federal judge's ruling this week that blocked their plan to combine into a single carrier. The airlines said they filed a notice of appeal with the 1st U.S. Circuit Court of Appeals, following the terms of their agreement. The Justice...

finance.yahoo.com

An appeal isn’t one Judge. It’s a panel of three and it could go to the full panel of Judges.

Learn the process and learn paragraphs