Struggling US low-cost carrier Spirit Airlines is in discussions with alternative investment firm Castlelake over a potential takeover as it seeks a path out of bankruptcy, according to a report by CNBC.
Spirit filed for Chapter 11 protection last August for the second time in a year, after a previous turnaround plan faltered. The carrier recently secured an additional $50m in creditor funding, contingent on progress toward a standalone reorganisation or a strategic transaction.
Minneapolis-base...
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