What Happened
Bankrupt Airline Negotiates Financing Deal To Avoid Shutdown
Spirit Airlines, currently in bankruptcy, is in advanced talks with the US government for a financing deal to help it emerge from Chapter 11 protection. The airline has struggled with losses for years and faces doubts about its viability due to rising jet fuel costs. A potential deal could make Spirit more competitive, but lawmakers have expressed skepticism about the idea of a bailout. The situation was first reported by the Associated Press.