Author: Cortney Danielle Moore

Spirit Airlines is on track to emerge from Chapter 11 bankruptcy thanks to the private takeover of multibillion-dollar bondholders.

A bankruptcy court hearing to confirm Spirit’s plan of reorganization is scheduled for Feb. 13.

Spirit Airlines is in discussions about a potential bankruptcy plan following recent challenges with merger and debt negotiations, per the WSJ.

Spirit Airlines is exploring a merger with Frontier Airlines, according to a report, following the collapse of Spirit’s previous deal with JetBlue.

Houston-based Group 1 Automotive Inc. (NYSE: GPI) is one of several companies affected by the software breach of a major vendor.

Spirit Airlines (NYSE: SAVE) and JetBlue Airways Corp. (Nasadq: BLU) have terminated their multibillion-dollar merger agreement after a district judge ruled it would violate antitrust laws.

A Massachusetts judge ruled that the merger would harm consumers by decreasing competition. The airlines disagreed, saying the combination would boost competitiveness and lower fares. Now, Spirit and JetBlue are appealing the decision.