Let's Buy Spirit Air (letsbuyspiritair.com)

Article summary

A website is proposing a cooperative ownership structure for Spirit Airlines, where members would have a say in the company's operations. The proposal is met with skepticism, with many questioning the credibility and feasibility of the idea. The website claims it is not a securities offering, but rather a non-binding pledge of intent. The proposal's details and legitimacy are unclear.

Main themes

• Cooperative ownership
• Airline industry
• Investment and finance
• Corporate structure
• Securities regulation

What commenters say

• The proposal appears to be a potential scam, with some commenters suspecting it is an attempt to sell securities without a license.
• The idea of a cooperative ownership structure for an airline is noble, but may not be feasible or practical due to the complexities of operating a business.
• Some commenters argue that cooperative ownership models can be successful, citing examples of existing cooperatives in other industries, but others are skeptical about their applicability to the airline industry.
• The proposal's lack of transparency and credibility raises concerns, with many questioning who is behind the website and what their motivations are.
• There is a fundamental tension between the interests of customers, employees, and shareholders, making it challenging to create a cooperative ownership structure that balances these competing interests.
• The concept of a cooperative airline is intriguing, but the high capital expenditures and operational complexities of the industry make it a difficult model to implement.
• Some commenters believe that the proposal is more akin to a credit union or a member-owned cooperative, rather than a traditional cooperative ownership structure.
• The success of cooperative ownership models depends on the specific context and industry, and what works for one company or industry may not work for another.