Short on time and running out of options after its scuttled merger with JetBlue Airways Corp., Spirit Airlines Inc. is left looking to debtholders for a lifeline. They will want a lot in return.
See Also
Justice Department Statements on JetBlue Terminating Acquisition of Spirit AirlinesSpirit’s financial future is on the rocks after failed JetBlue merger, says Northeastern expertJetBlue scraps $3.8 billion deal to buy Spirit AirlinesJustice Department Statements on District Court Decision to Block JetBlue’s Acquisition of Spirit AirlinesLenders whose bonds hemorrhaged value as the deal failed are getting creative to plot a rescue of the airline — and their investment in it. The mission involves navigating two novel features of Spirit’s debt in order to protect themselves along the road to recovery.
