Looks like a loss to LSU tonight....Bring on those higher bidders...anyone....anyone...
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Looks like a loss to LSU tonight....Bring on those higher bidders...anyone....anyone...
Sorry to be a downer but if there was another interested party we would've heard about it already. This is likely Frontier's only chance to exit Chapter 11.You guys are assuming that nobody will outbid Republic.
I didn't mean RAH would walk away voluntarily. I meant if the Frontier pilots draw a line in the sand and sink the airline Bedford won't cry himself to sleep. The pilots have more to lose than he does.I doubt RAH will walk away from his investment and "shrug its shoulders".
Airline managment behaves like airline management. That much is no surprise. The Chautauqua pilot did a good job handling the whipsaw when when Republic started so we can hope they deal with Frontier (and Midwest) equally well. I hope.The point of my post wasn't so much to suggest F9 pilots throw themselves on the grenade, it was to bring RAH's plan to light - and that plan is a whipsaw.
My experience comes from the TWA Chapter 11. AA bought TWA out of bankruptcy. There was an auction with Carl Icahn's slimy attorney and a third party involved. Both entities made themselves known very early on. Through the process of due diligence we knew that third party was a crackpot and irrelevent. Have any other parties done due diligence on Frontier? It's not a secret.you say "if there were another interested party we'd have heard about it by now" or something like that. No way, dude.
My guess is because there's no other bidders.I read somewhere that the process of RAH acquiring F9 is being "fasttracked", why the heck is this thing being fasttracked?
TWA Dude,
you say "if there were another interested party we'd have heard about it by now" or something like that.
No way, dude. You need to operate in the corporate world for a while. Been there done that. You're right in that capital is tight. Nobody in their right mind outside the airline world would give F9 a penny right now.
Inside the airline world...it's another story. This is a steal for LUV plus they need to protect their backside. Giving up A concourse to another set of clowns would be bad for them. LUV is not doing all that great in Denver but they are playing for the long run which is both A) a smart move and B) pretty much a guarenteed winner for them. It's a waiting game and the odds are stacked in their favor
The entire F9 organization would be a perfect fit for LUV. Highly motivated employees with the LUV attitude and a Denver feel.
jetBlue would also be a winner.
The thing is, when you play the bidding game, you let everybody show their hand. You already know what it's worth to you and how much you're willing to pay. You hang out and wait and bluff the crap out of everybody. The smart players know how to play this game very, very well.
If Frontier is worth anything to somebody they won't show up until late. If nobody shows...I guess we'll find out how good Bedford is at empire building.
Gary Kelly has stated that he would not want to be the guys that "put the hometown airline out of business."
Gup