Spirit Airlines (NK, Fort Lauderdale International) is exploring a potential Chapter 11 bankruptcy protection filing in the wake of a failed merger with JetBlue Airways (B6, New York JFK) and ongoing financial struggles, according to a report by the Wall Street Journal citing people familiar with the matter.
According to the newspaper, the budget carrier has been in discussions with bondholders about a restructuring agreement through an out-of-court transaction, but recent talks have been more focused on reaching a deal with…
Source: ch aviation
Read more: US's Spirit Airlines considers Chapter 11 filing – report