Report: Spirit Airlines Considering Chapter 11 Bankruptcy Filing
The Wall Street Journal is reporting that Spirit Airlines is in talks with bondholders over the terms of a potential Chapter 11 bankruptcy filing, following its failed merger attempt with JetBlue. The airline has also been exploring restructuring its balance sheet through out-of-court transactions, but it seems like a Chapter 11 filing is preferred at this point.................
The Wall Street Journal is reporting that Spirit Airlines is in talks with bondholders over the terms of a potential Chapter 11 bankruptcy filing, following its failed merger attempt with JetBlue. The airline has also been exploring restructuring its balance sheet through out-of-court transactions, but it seems like a Chapter 11 filing is preferred at this point.................
