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Spirit Airlines Eyes Bankruptcy
Spirit prepares for bankruptcy filing after failed Frontier talks: report
Spirit Airlines is reportedly planning to file for bankruptcy protection in a matter of weeks after revived merger talks with Frontier Airlines fell through.
Spirit Airlines stock plunges 59% as company reportedly preps bankruptcy filing
Spirit Airlines stock (SAVE) plunged 59% on Wednesday as the budget airline explores a deal with creditors to restructure its debt amid a reported threat of bankruptcy after merger talks with Frontier (ULCC) collapsed.
Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks, sources familiar with the matter confirmed to CBS News. The Wall Street Journal first reported the looming bankruptcy filing.
Spirit to Receive up to $350 Million in Advance Payments
Spirit Aero gets help from Boeing, Airbus to prop up weak finances
Spirit AeroSystems said on Tuesday it would receive up to $350 million in advance payments from its largest customer Boeing and up to $107 million from Airbus , giving the struggling supplier a lifeline as it burns cash after four consecutive years of losses.
Boeing to Pay Spirit AeroSystems Up to $350 Million in Advance
Boeing has agreed to pay Spirit AeroSystems up to $350 million in advance to keep producing products for it as the fuselage supplier works through a liquidity crunch. The jet maker said Tuesday that the advance payments are intended to help Spirit address high levels of inventory and lower operational cash flows.
Spirit to Receive up to $350 Million in Advance Payments From Boeing
Spirit AeroSystems said on Tuesday that Boeing will pay a total of up to $350 million in advance payments to the firm, providing the struggling supplier a lifeline as it continues to burn cash after four consecutive years of losses.
3h
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with ...
Yahoo
15h
Spirit Airlines to file for bankruptcy after merger talks break down
Spirit
Airlines is preparing to file for bankruptcy protection, according to a report by the Wall Street Journal. The move ...
1d
Ben Baldanza, Spirit Airlines CEO Who Pioneered Ultralow-Cost Air Travel in the U.S., Dies at 62
He knew his airline offered a stripped-down version of what his competitors did—and he was proud of it.
20h
on MSN
Spirit Airlines Continues 'Constructive Talks' With Creditors
(Reuters) -Spirit Airlines is in constructive discussion with its creditors and continues to explore strategic alternatives ...
2h
Newly launched Spirit Christmas stores by Spirit Halloween are now open
Spirit Christmas stores, a new concept by Spirit Halloween, are now open for business. Six of eight locations across the ...
9h
on MSN
Trump appoints Tulsi Gabbard as director of national intelligence: 'Fearless spirit'
In a statement on Wednesday, President-elect Trump announced that he is appointing Tulsi Gabbard to serve as director of ...
1d
on MSN
US flights to Haiti suspended after Spirit, JetBlue and American planes struck by gunfire
Spirit Airlines and JetBlue planes were apparently struck by gunshots in Haiti. The airlines, along with American, have ...
1h
Spirit flight from Haiti hit by bullets
The U.S. government has suspended all flights to and from Haiti after three planes coming from Haiti were all hit by gunfire ...
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