Transportation
Spirit Airlines Eyes Bankruptcy as Frontier Talks Fail, WSJ Says
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Spirit Airlines Inc. is preparing to file for bankruptcy protection after merger talks with Frontier Group Holdings Inc. broke down, the Wall Street Journal reported.
The budget air carrier is in advanced discussions with bondholders to hammer out a bankruptcy plan that would have support from a majority of creditors, as it struggles with mounting losses and looming debt maturities, the Journal said Tuesday, citing people with knowledge of the matter.