Spirit Airlines' talks on $500 million US rescue financing stall, Bloomberg News reports
29/04/2026 02:34
April 28 (Reuters) - Discussions over a potential $500 million U.S. government rescue financing for Spirit Airlines FLYYQ.PK have hit an impasse, Bloomberg News reported on Tuesday, citing sources. A group of lenders, including hedge fund Citadel, is pushing back against proposed terms that could significantly erode the value of their claims and limit recoveries. The group made a counterproposal in recent days that has gone unanswered, according to Bloomberg News. Reuters could not immediately verify the report. Spirit and Citadel did not immediately respond to a Reuters' request for a comment. (Reporting by Carlos Méndez in Mexico City; Editing by Sherry Jacob-Phillips) ((Carlos.Mendez@thomsonreuters.com))
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