Spirit Airlines Asks Trump For Emergency Bailout For Equity, To Avoid Liquidation
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It was recently reported that Spirit Airlines might be on the verge of liquidation, and that it could happen within days. The airline is in Chapter 11 bankruptcy (for the second time in two years), and while the company was hoping to emerge from bankruptcy by early summer, that strategy seemed hopeful at best. As you might expect, the current price of jet fuel has probably thrown a wrench in those plans.
On Friday, we learned how the airline is reportedly asking the government for a bailout,
On Friday, we learned how the airline is reportedly asking the government for a bailout,
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