Castlelake enters talks to buy bankrupt Spirit
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With its creditors looking for proof that bankrupt Spirit Airlines has made progress in its financial restructuring plan, America’s largest low-cost carrier could be running out of cash, time and luck.
Spirit’s unionized pilots have publicly urged the airline’s major lenders to back the company’s Chapter 11 bankruptcy reorganization, warning liquidation would severely impact
Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Spirit Airlines, the budget ...