Karl I don't agree. There is nothing about a Chapter 7 bankruptcy that would (or could) put a a secured creditor at any more risk. Its right and interest in the collateral must remain valid. My point is that if someone - say the FAA - has the arbitrary power to devalue the collateral, that is a risk no creditor should be expected to assume. It undermines the whole basis of secured lending. I hope Bryan Bedford is reading this string.
Scott > On May 31, 2026, at 4:56 AM, Karl L. Swartz via Mifnet > <[email protected]> wrote: > > I expect it will affect the value of slots, but not in the way you suggest. > Spirit is in Chapter 7 bankruptcy so “secured” creditors are already at risk, > even with more tangible assets like aircraft (and especially engines). > Scrapping Spirit’s La Guardia slots will just be another insult to injury. > > For everyone else, the value of slots will increase—huge demand and limited > supply will drive that. So long as an airline isn’t teetering on the brink of > bankruptcy, those slots will be worth more if the Spirit slots are scrapped > rather than being redistributed. > > Whether or not this is a good way to implement policy is another question, > and I’m inclined to side with you on that one. > > -- Karl > >> On May 30, 2026, at 3:24 PM, F. Scott Wilson via Mifnet >> <[email protected] <mailto:[email protected]>> wrote: >> >> Won’t this will affect the value of slots going forward? They have been >> used by airlines as collateral for loans. What good is an asset on a >> balance sheet if it can be suddenly declared worthless? There must be >> better ways to implement policy than to “retire” slots. >> >> Scott >> >>> On May 29, 2026, at 11:25 PM, Cliff Argue via Mifnet >>> <[email protected] <mailto:[email protected]>> wrote: >>> >>>  >>> Spirit Airlines' $87M LaGuardia slots spark fierce bidding war >>> <https://www.msn.com/en-us/news/insight/spirit-airlines-87m-laguardia-slots-spark-fierce-bidding-war/gm-GM0CD059B1?gemSnapshotKey=GM0CD059B1-snapshot-1&uxmode=ruby&ctsrc=dgst&ocid=edgdhpruby&pc=U531&cvid=6a1a4b80048f466da541d15561d0ff1e&ei=17> >>> >>> Cliff Argue > > -------------------------------------------------------------------------- > Revised: 20250507 > > You are receiving The Mifnet because you requested to join this list. > > The Mifnet is largely a labor of love, however the infrastructure isn't > exactly cost-free. If you'd care to make a small contribution to the effort, > please know that it would be greatly appreciated: > https://wardell.us/url/mifbit > > All posts sent to the list should abide by these policies: > > 1) List members acknowledge that participation in Mifnet is a privilege--not > a right. > 2) Posts are always off the record, absent specific permission from the > author. > 3) The tone of discussions is collegial. > 4) Posts are expected to be in reasonably good taste. > 5) We discuss ideas and not personalities, and we don't speak ill of other > Mifnet members. > > * The Mifnet WEB SITE is: > https://www.mifnet.com/ > > * To UNSUBSCRIBE from this list at any time please visit: > https://lists.mifnet.com/ > OR: SEND THIS MESSAGE via email: > [email protected]?subject=leave > > * Send Mifnet mailing list POSTS/SUBMISSIONS to: > [email protected] > > * You may reach the person managing The Mifnet at: > [email protected] > > * Please consider the DIGEST version of The Mifnet, which consolidates all > list traffic into 1-3 > messages daily. See instructions at: > https://lists.mifnet.com/ > > * Manage your personal Mifnet SUBSCRIPTION at: > https://lists.mifnet.com/ > > * For a list of all available Mifnet commands, SEND THIS MESSAGE via email: > [email protected]?subject=help > > * View The Mifnet LIST POLICIES and PRIVACY POLICY at: > https://mifnet.com/index.php/policies > > * View instructions for Mifnet DELIVERY PROBLEMS at: > https://mifnet.com/index.php/delivery-problems > > * View The Mifnet LIST ARCHIVE at: > https://lists.mifnet.com/hyperkitty/list/[email protected]/
-------------------------------------------------------------------------- Revised: 20250507 You are receiving The Mifnet because you requested to join this list. The Mifnet is largely a labor of love, however the infrastructure isn't exactly cost-free. If you'd care to make a small contribution to the effort, please know that it would be greatly appreciated: https://wardell.us/url/mifbit All posts sent to the list should abide by these policies: 1) List members acknowledge that participation in Mifnet is a privilege--not a right. 2) Posts are always off the record, absent specific permission from the author. 3) The tone of discussions is collegial. 4) Posts are expected to be in reasonably good taste. 5) We discuss ideas and not personalities, and we don't speak ill of other Mifnet members. * The Mifnet WEB SITE is: https://www.mifnet.com/ * To UNSUBSCRIBE from this list at any time please visit: https://lists.mifnet.com/ OR: SEND THIS MESSAGE via email: [email protected]?subject=leave * Send Mifnet mailing list POSTS/SUBMISSIONS to: [email protected] * You may reach the person managing The Mifnet at: [email protected] * Please consider the DIGEST version of The Mifnet, which consolidates all list traffic into 1-3 messages daily. See instructions at: https://lists.mifnet.com/ * Manage your personal Mifnet SUBSCRIPTION at: https://lists.mifnet.com/ * For a list of all available Mifnet commands, SEND THIS MESSAGE via email: [email protected]?subject=help * View The Mifnet LIST POLICIES and PRIVACY POLICY at: https://mifnet.com/index.php/policies * View instructions for Mifnet DELIVERY PROBLEMS at: https://mifnet.com/index.php/delivery-problems * View The Mifnet LIST ARCHIVE at: https://lists.mifnet.com/hyperkitty/list/[email protected]/
