Important airline declares in QUIEBRA and rejects millionaire offer of competitor: What will happen to the flights?

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Spirit Airlines is in the middle of Chapter 11 and, however, the low cost rejected a second proposal to purchase Frontier Airlines. The offer was US$ 2.6 billion, Spirit’s shareholders would receive US$ 400 million in debt and 19% of the capital of the emerging company. Spirit Airlines, rejected the offer and reaffirmed that its main objective is to complete its restructuring process. “Spirit will continue to quickly conclude the restructuring, …

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Spirit Airlines, one of the leading airlines in the United States, has announced its bankruptcy declaration and its decision to benefit from Chapter 11 of the bankruptcy law. This situation has generated concern in the air sector, given the impact it could have on travelers and employees. Despite the crisis, a well-known company has presented a million-dollar offer to acquire Spirit’s shares and help the airline get out of this difficult situati…