Spirit Airlines' talks on $500 million US rescue financing stall, Bloomberg News reports
Spirit Airlines' talks on $500 million US rescue financing stall, Bloomberg News reports
ReutersWed, April 29, 2026 at 1:37 AM UTC
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A Spirit Airlines flight arrives at Fort Lauderdale - Hollywood International Airport, in Fort Lauderdale, Florida, U.S., April 23, 2026. REUTERS/Marco Bello
April 28 (Reuters) - Discussions over a potential $500 million U.S. government rescue financing for Spirit Airlines have hit an impasse, Bloomberg News reported on Tuesday, citing sources.
A group of lenders, including hedge fund Citadel, is pushing back against proposed terms that could significantly erode the value of their claims and limit recoveries.
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The group made a counterproposal in recent days that has gone unanswered, according to Bloomberg News.
Reuters could not immediately verify the report. Spirit and Citadel did not immediately respond to a Reuters' request for a comment.
(Reporting by Carlos Méndez in Mexico City; Editing by Sherry Jacob-Phillips)
Source: “AOL Breaking”
