Spirit Airlines Bailout Talks Hit Wall

0:00On April 29, Spirit Airlines is in a tough spot with its $500 million government bailout talks hitting a wall. Lenders are digging in their heels against the deal terms, saying they'd wipe out too much of their investment value. A group led by hedge fund Citadel fired back with their own counter offer just days ago, but so far, no one's biting. This pushback comes right after word that Spirit locked in support from two out of its three big creditor camps. President Trump chimed in last week, saying his team is eyeing a buyout at the right price to save the struggling carrier. Folks are watching close because Spirit's been bleeding cash amid bankruptcy woes. Now, if all creditors can hash out an agreement, a New York federal court could hear the case as soon as Thursday, that hearing might decide if the lifeline flies or crashes. Keep an eye on this. One Spirit's fate could shift the whole airline game quick. That wraps U.S. News today. Brought to you with AI.