The low-cost airline Spirit is reportedly making preparations to shut down completely following the breakdown of negotiations for a federal rescue package, according to a Wall Street Journal report published Friday that cited sources with knowledge of the situation.
Neither Spirit Airlines nor the White House provided immediate responses when asked for comment about the potential closure.
A court hearing that had been set for Thursday, April 30th to discuss rescue options was canceled when discussions about a possible $500 million federal bailout package hit a deadlock between certain bondholders and government officials.
