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Sabadell Bank Opens up an Exposure of 8.8 Million to the Bankruptcy of Spirit Airlines, the First Airline to Collapse Due to the Fuel Crisis
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The Sabadell Bank has emerged as one of the European creditors in the competition of the US airline of low cost Spirit Airlines, with an exhibition of 10.4 million dollars (8.85 million euros) within a syndicated credit with an exposure of up to 38 million dollars (32 million euros), linked mainly to loans guaranteed by aircraft, according to documents to which this newspaper has had access.
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