Iconic discount airline files for bankruptcy and releases statement on upcoming flights ...Middle East

The U.S. Sun - News
Iconic discount airline files for bankruptcy and releases statement on upcoming flights
source : The U.S. Sun ( Middle East ) () 74
SPIRIT Airlines chiefs have filed for bankruptcy after talks of a proposed merger collapsed. Company bosses have issued a statement to travelers as they scramble to clear its debt. APA low-cost aircraft carrier has filed for bankruptcy (stock)[/caption] Rumors of a bankruptcy filing had been swirling for weeks, and these intensified when talks with fellow lost-cost airline Frontier broke down. Spirit chiefs filed for bankruptcy in New York and expect to emerge from the process next year, per the New York Times. Court papers revealed the company had debts of around $9billion. Bosses have been scrambling to cut costs in recent months. Pilots have been furloughe

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