Spirit Airlines Reportedly Preparing To Shut Down As Government Bailout Plan Falls Apart

Source: International Business Times

Spirit Airlines is preparing to cease its operations, according to a new report. Spirit Airlines is preparing to cease operations as a potential government bailout seems to be falling apart, according to a new report. Citing people familiar with the business, The Wall Street Journal detailed that the company has not been able to get support of bondholders and the government to secure funding to stay in business.