Spirit Airlines prepares to shut down after government bailout collapses
Spirit Airlines is preparing to cease operations after a last-ditch effort to secure a $500 million federal rescue package fell apart, according to people familiar with the matter.
TL;DR
- Spirit Airlines is preparing to cease operations.
- A last-ditch effort was made to secure a $500 million federal rescue package.
- This effort to obtain the federal aid has fallen apart.
- Sources familiar with the matter revealed this information.