Frontier Airlines Says Bankruptcy Won’t Fix Spirit. Its Solution: Merge
Discount carrier says a merger would be a better path out of bankruptcy for Spirit, which has rebuffed the latest proposal.
Spirit Airlines rejects fresh Frontier merger offer amid bankruptcy
The two budget carriers had been discussing a combination for months, with Spirit rejecting a post-Chapter 11 proposal as “woefully insufficient” for creditors.
With Spirit Airlines in Bankruptcy, Could a Merger With Low-Cost Rival Be Back on?
Amidst ongoing restructuring under Chapter 11 bankruptcy proceedings, Spirit Airlines might be considering reigniting a merger with a low-cost rival airline (via The Points Guy ).
Spirit Airlines rejects Frontier's bid, aims to exit bankruptcy in first quarter
Spirit Airlines said on Wednesday it has rejected a bid from rival Frontier Group as it was not favorable for the low-cost carrier and expects to exit bankruptcy in the first quarter. Frontier offered Spirit shareholders $400 million in debt and a 19% stake in Frontier earlier this month,
Frontier Makes a Second Bid for Spirit With Budget Airlines Struggling
Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle
Frontier announces second attempt to combine with Spirit Airlines
Budget carrier Frontier Airlines announced on Wednesday that it has made another bid for fellow discount carrier Spirit Airlines, which is in bankruptcy, for an undisclosed sum.
Sprit Airlines rejects Frontier's merger bid for 2nd time
Frontier Airlines struck out yet again in its second attempt to acquire rival carrier Spirit Airlines. Spirit filed for bankruptcy last year as it faced mounting losses.
Do debt collectors get paid if you file for bankruptcy?
Declaring bankruptcy can offer big relief to those buried by debt, but do debt collectors get paid in the process?
Can I Declare Bankruptcy for Credit Card Debt?
Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or ...
‘I don’t have optimism:’ Cle Elum one step closer to declaring bankruptcy
The small town of Cle Elum, Washington is one step closer to declaring bankruptcy after a special meeting and vote by its ...
The Container Store exits bankruptcy
The retailer used Chapter 11 to shed nearly $88 million in debt and will go forward as a privately held company owned by its ...
Texas-Based EV Maker Canoo Files Liquidation Bankruptcy
Another electric vehicle maker is finding itself in financial dire straights. Texas-based Canoo, which was originally founded ...
The scramble to keep Crozer’s health-care services amid Prospect bankruptcy
The Shapiro administration and the new Pennsylvania attorney are still trying to get Delaware County's Crozer Health back ...
Container Store looks to go private after bankruptcy
The Container Store Group is ready for a future as a private company after bankruptcy proceedings.
What happens when you file for bankruptcy?
Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing ...