Spirit Airlines (FLYYQ) is in talks with alternative investment firm Castlelake about a potential takeover as the discount airline looks to exit bankruptcy. It wasn't immediately clear if Spirit's bondholders and Castlelake would come to a deal or what form it may take,

Citadel co-founder Ken Griffin on Wednesday blamed the Biden administration for the rejected JetBlue merger and its impact on his firm. “We happened to be a creditor of Spirit. Their merger with JetBlue was stopped. Spirit’s in bankruptcy today,” Griffin said at the World Economic Forum in Davos, Switzerland.

A struggling budget airline may soon be sold. That’s the word from CNBC, which reported Thursday that Spirit Airlines is in talks with alternative investment firm Castlelake for a potential takeover.

Spirit Airlines is in talks with investment firm Castlelake for a potential takeover of the discount airline, which is in bankruptcy, CNBC has learned.

Spirit Airlines is reportedly in talks to be acquired by an investment firm. The Dania Beach-based carrier declined to discuss a CNBC report that a Minneapolis company is a potential buyer.

Jan 22 (Reuters) - Spirit Airlines is in talks with investment firm Castlelake for a potential takeover of the bankrupt carrier, CNBC News reported on Thursday, citing people familiar with the matter.

Weak currency, labour reforms and passenger compensation costs dragged Indigo's earnings.