Spirit Starts Monthslong Process of Dismantling Airline After Biggest Collapse in a Generation

BREAKING NEWS

CNBC

 

Spirit Airlines’ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation.

Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months. The hearing included discussions about airport landing fees, aircraft and staffing.

The carrier filed a cumulative wind-down budget of around $217 million, though that number could change.

READ THE FULL STORY 

 

Related posts

Comments