Spirit Airlines prepares to file for bankruptcy protection, WSJ reports (updated)
12/11/2024 22:36
(Adds details from report)
Nov 12 (Reuters) - Spirit Airlines SAVE.N is preparing
to file for bankruptcy protection after merger talks with
Frontier Airlines broke down, the Wall Street Journal reported,
citing people familiar with the matter.
The ultra-low cost carrier is in advanced discussions
with bondholders to hammer out a bankruptcy plan that would have
support from a majority of creditors, the report said.
Spirit is preparing a bankruptcy filing within weeks,
the report added.
Spirit did not immediately respond to a Reuters request
for comment.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Maju
Samuel)
((Aishwarya.Jain@thomsonreuters.com;))