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 Frontier's offer to buy fellow low-cost carrier out of bankruptcy
Frontier Airlines' attempt to buy fellow budget air carrier Spirit Airlines out of bankruptcy has hit turbulence.
Spirit Airlines plays hardball with Frontier’s second merger bid despite bankruptcy
Frontier Airlines publicly announced a second offer to merge with Spirit Airlines in a press release after its 2022 offer was also rejected.
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,
Spirit Airlines rejects new merger offer from Frontier
Rather than accept Frontier’s offer, Spirit said it would stick to its current plan to emerge from Chapter 11 bankruptcy.
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.
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 ...
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 ...
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 ...
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 ...
How much debt is required to file for bankruptcy?
If you're planning to file for bankruptcy, it's important to understand the minimum debt requirements beforehand.
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 ...
After bankruptcy filing, embattled Roseville aquarium chain to potentially sell for $80K
SeaQuest, an interactive aquarium chain that recently filed for bankruptcy, could be sold this week pending a judge’s ...
JCPenney Estate Sues Jackson Walker to Recover Bankruptcy Fees
The administrator for JCPenney’s 2020 bankruptcy has sued the company’s former law firm, Jackson Walker LLP, for failing to ...
More popular beverage brands file for Chapter 11 bankruptcy
The distress began a year earlier for Anchor Brewing, which filed for Chapter 11 bankruptcy in July 2023 and shut down ...