What does the Spirit 2.0 campaign propose for the ownership model of Spirit Airlines?
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The Spirit 2.0 campaign outlines a community‑owned structure for the defunct airline.
Proposed Ownership Model
- The initiative adopts a “one member, one vote” framework, granting each supporter equal voting rights regardless of pledge size.
- Profit distribution would be tied to the amount each participant pledged, allowing larger contributors to receive a proportionally larger share of any earnings. 🔗
- An Employee Stock Ownership Plan (ESOP) is planned to give workers equity stakes in the airline. 🔗
- Executive compensation would be capped to prevent excessive pay and align leadership incentives with the cooperative’s goals. 🔗
- The campaign calls for transparent financial practices, including open‑book accounting for members to review. 🔗
- It seeks to emulate the Green Bay Packers’ community ownership model, aiming to keep fares affordable while operating under collective ownership.🔗
The Bulkhead Seat 13%
Spirit 2.0? Unlikely Viral Campaign Aims to Turn Defunct Airline Into Public Company
View from the Wing 87%
Viral Grassroots Effort To Buy Spirit Airlines Claims $22 Million In Pledges — But Has No Cash And No Business Plan
With Spirit Airlines out of business there’s an attempt at a grass roots effort for “the people” to buy it. The project, “Spirit 2.0 — Owned by the People,” is seeking pledges from passengers, employees, and communities, to acquire the carrier’s assets – with one member, one vote (regardless of investment) but profit sharing based on pledge amount. The new carrier would offer worker equity through an Employee Stock Ownership Plan, capped executive pay, open books, and “affordable fares” in a Green Bay Packers-style community ownership model applied to aviation. But website pledges are non-binding, they’re not actually