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flag Spirit Airlines discusses a possible takeover with Castlelake to gain stability after its second bankruptcy in a year.

flag Spirit Airlines is in talks with investment firm Castlelake for a potential takeover as it seeks financial stability after entering Chapter 11 bankruptcy for the second time in a year. flag The airline, struggling with weak demand, high costs, and engine issues, has cut routes, reduced its fleet, and secured short-term funding to avoid shutdown. flag While merger talks with Frontier Airlines failed, Castlelake’s new aviation finance arm, Merit AirFinance, signals growing interest in distressed carriers. flag Spirit has not confirmed the reports, and Castlelake has not responded.

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