The concept is explained much better in the link, but TLDR: People are trying to organize and crowdfund the purchase of spirit airlines assets with the goal of running it as a worker owned business similar to winco or rei. Seems at least tangentially relevant to this community

  • deliriousdreams@fedia.io
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    3 days ago

    I have one major question. What assets? A fair number of airlines don’t actually own their planes. They lease them. Mostly airlines buy each other not for the planes but for the routes. So are we the people going to coop routes? This only makes sense if the airline we buy goes everywhere. Spirit Airlines doesn’t go everywhere. So the people who’d benefit are the ones who live work or travel to/near the routes that Spirit Airlines services. But you’d probably need more than those people to invest in the coop to keep it operational.