AIRLINE BANKRUPTCY

Spirit Airlines is in deep trouble. The budget airline is talking to Castlelake, an investment firm, about a possible takeover. This comes as Spirit tries to pull itself out of bankruptcy for the second time in a year. Things went downhill fast after the pandemic. Costs went up, and fewer people wan

Spirit Airlines is in a tight spot. The budget airline filed for Chapter 11 bankruptcy late last year. Now, the big decision-makers are the bondholders, like Ken Griffin's Citadel. They hold the purse strings and will decide if Spirit gets the money it needs to keep flying or if it's game over. The