Spirit Airlines explores Chapter 11 bankruptcy discussions after JetBlue merger collapse.
Spirit Airlines is reportedly in discussions with bondholders about the terms of a potential Chapter 11 bankruptcy filing, following the collapse of its merger with JetBlue Airways. The airline has been exploring options for restructuring its balance sheet, including out-of-court solutions, but recent talks have shifted towards bankruptcy support. The timing for any filing is not imminent. Following this news, Spirit's shares dropped significantly in after-hours trading.
October 03, 2024
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