Month: October 2024
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You’re on Guard! Weekly Recap: Frontier is Making Another Pass at Spirit, Boeing Workers Reject Latest Offer… Again
The Main Squawk: Frontier wants another chance to merge with Spirit Frontier is in the early stages of restarting talks with Spirit about a possible merger, according to a report from The Wall Street Journal on Wednesday. The talks mark the rekindling of a discussion that ended abruptly in 2022 when Spirit tried its hand…
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You’re on Guard! Weekly Recap: Spirit Escapes Bankruptcy (for now), Boeing-IAM Explore a Revised Agreement
The Main Squawk: Spirit is spared from bankruptcy, at least for now In a move that shocked Wall Street analysts, Spirit announced Friday it was able to extend a deadline to make payments on some of its debt. The Airline was facing an October 21 deadline to make payments on a card processing agreement with…
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You’re on Guard! Weekly Recap: Boeing’s Troubles Just Keep Adding Up, United Announces a Large International Expansion
The Main Squawk: Negotiations at Boeing continue to stall, furthering the risk of a credit downgrade Negotiations to resolve the International Association of Machinists and Aerospace Workers (IAM) strike at Boeing’s Washington State factories ended last week when management abruptly pulled the plug on talks. Chief Operating Officer Stephanie Pope asserted that the Company bargained…
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You’re on Guard! Weekly Recap: Spirit Begins Exploring the Inevitable, Southwest Tries to Monetize Its Order Book
The Main Squawk: Spirit is in discussions with creditors of a potential bankruptcy filing, signaling the obvious Spirit is in talks with creditors about a potential bankruptcy filing, according to an exclusive published by The Wall Street Journal. The discussions appear to be focused on keeping the Airline out of the courtroom, possibly by changing…
