An airline giant has been forced to shut down operations after 34 years of business in a move that will see 15,000 members of staff laid off.
Spirit Airlines has ceased operations with immediate effect following the collapse of rescue negotiations with the Trump administration, the budget carrier confirmed yesterday.
The airline had been seeking a $500million (£368milllion) US Government bailout to stave off closure, but talks broke down, leaving the company with no viable path forward.
In a statement posted to its website, Spirit expressed “great disappointment” while confirming it had commenced “an orderly wind-down of our operations, effective immediately”.
Another airline is closing down in a blow to the economy
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The budget US airline’s failure marks the end of discussions that had appeared close based on reports, when the carrier believed a deal was imminent.
The collapse…
