Spirit Airlines to Cease Operations After Failed Bailout
The bankrupt carrier is preparing to end flights after failing to win creditor support for a government bailout. This follows reports of stalled rescue talks.
Xurve View
Xurve View
Spirit Airlines is preparing to cease operations after failing to secure creditor support for a United States government bailout plan. The bankrupt carrier’s collapse follows stalled negotiations with lenders regarding a federal rescue deal. Investors face a total loss of equity as the discount airline moves toward a full liquidation.
