Spirit Airlines mulls bankruptcy, sending its stock price into nosedive
Spirit Airlines is considering declaring bankruptcy after a proposed merger with Frontier Airlines fell apart. The Miramar, Florida-based discount airline is expected to file for bankruptcy protection from its debts in as little as 10 days or within weeks,
Spirit Airlines shares plunge on bankruptcy speculation
Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report quarterly financial results because it’s scrambling to reach a deal with creditors.
JetBlue Airways Shares Rise 16% as Potential Spirit Bankruptcy Plays Out
JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares were trading around $7.30. The stock is up 32% on the year and is on pace for its largest percentage increase since Feb. 13.
Spirit Airlines might really go bankrupt this time — and the stock plunges 65%
Spirit Airlines (SAVE) stock was sinking sharply to barely above $1 per share early Wednesday, after a report late Tuesday indicated that the ultra-low-cost carrier is preparing to file for bankruptcy.
Spirit Shares Crater In After-Hours Trading As It Nears Bankruptcy Deal
Spirit Airlines disclosed it is in talks with its creditors for a restructuring deal, hours after it was reported that the company’s merger talks with rival low-cost carrier Frontier had fallen through.
Spirit Airlines’ Potential Bankruptcy Filing Looms
The largest U.S. budget airline, Spirit Airlines, is allegedly contemplating bankruptcy. The Wall Street Journal reports that this development comes on the heels of failed merger talks with Frontier Airlines,
The Crashing Down of Jet Airways: What Should Airlines Learn
Reduced aviation taxes, uniform ATF pricing and investments by corporates/ institutions alike can prevent airlines from ...
1.48 Lakh Jet Airways Retail Shareholders' Fate Uncertain After Liquidation Order
The stock of Jet Airways, locked in a 5 per cent lower circuit following the order, ended at Rs 34.04 apiece on Thursday.
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Jet Airways’ smooth takeoff, turbulence & crash landing. Key events leading to SC-ordered liquidation
The IPO received strong investor interest and was oversubscribed 18.7 times. Priced at Rs 1,100 per share, Jet Airways ...
Jet Airways liquidation: Story of rise and fall of what used to be India’s largest, best airline
As Jet Airways emerged as the major challenger to government-owned carriers Indian Airlines and Air India, Goyal purportedly ...
Liquidation of Jet Airways' assets may give creditors around Rs 1,000 crore
While the book value of all of Jet Airways assets may amount to around Rs 1,000 crore, 13 percent of the dues pending to ...
India Today on MSN7d
Jet Airways retail shareholders stare at total loss after liquidation order: Report
Jet Airways’ stock, which had hit a 5% lower circuit following the court's decision, closed at Rs 34.04 on the Bombay Stock Exchange.
Jet Airways insolvency: A blow to IBC’s credentials
After five years of trials and tribulations, the grounded airline Jet Airways’ wings have been clipped. Any hopes of a ...
Jet Airways liquidation: Why India needs a new regime to save airlines
The failed insolvency resolution of one of India’s oldest airlines shows the current rules under the Insolvency and ...
Jet Airways: The End Of An Era As India's Former Leading Airline Faces Liquidation
Jet Airways was one of the most successful private enterprises that emerged after the liberalization of India’s economy in ...
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Jet Airways: A 32-year journey of triumphs and challenges
September 14, 2023 - Jet Airways founder Naresh Goyal sent to 14-day judicial custody in a money laundering case linked to an ...
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Jet Airways founder gets bail in money laundering case
Naresh Goyal, founder of the now-defunct Jet Airways, secures bail on medical grounds in a ₹538.62 crore money laundering ...