Source: International Business Times
Spirit Airlines faces the prospect of full liquidation amid surging jet fuel costs. Spirit Airlines, the Florida-based ultra-low-cost carrier known for its bright yellow planes, has turned to the Trump administration for an emergency government bailout as it faces the prospect of complete liquidation. The request is for hundreds of millions of dollars in emergency funding — a last-ditch attempt to survive a fuel crisis that has wiped out the airline's restructuring plan before it had a chance to take hold.
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