US may extend $500mn in rescue funding to Spirit Airlines
Money would come with equity warrants that could make government majority owner of struggling discount carrier
Money would come with equity warrants that could make government majority owner of struggling discount carrier

Bankrupt low-cost airline has been in talks with the federal government for a ‘financing package’

Bondholder group remains divided over $500mn on offer from White House that would rescue bankrupt budget carrier

Current liquidation and prior restructuring procedure have cost more than $110mn combined

US carrier says demand trends remain ‘healthy’ for current quarter despite disruptions in October and November

Companies locked in a ‘confidence game’ with consumers to persuade them to book

Budget airline increases capacity after earlier than expected delivery of Boeing aircraft