![From Gas Station to Google with Self-Taught Cloud Engineer Rishab Kumar [Podcast #158]](https://cdn.hashnode.com/res/hashnode/image/upload/v1738339892695/6b303b0a-c99c-4074-b4bd-104f98252c0c.png?#)
Bankrupt and Desperate—Spirit Airlines Just Killed A $2.9 Billion Deal To Build America’s 5th Largest Airline
The parties are not far off here! Spirit's creditors are likely better off with some combination, under new management, than with the standalone turnaround plan. I would have assumed they see this and are negotiating for more rather than actually walking away. Yet Spirit’s bondholders indicated they would not extend the NDAs, effectively preventing further negotiations. Continue reading Bankrupt and Desperate—Spirit Airlines Just Killed A $2.9 Billion Deal To Build America’s 5th Largest Airline...
The parties are not far off here! Spirit's creditors are likely better off with some combination, under new management, than with the standalone turnaround plan. I would have assumed they see this and are negotiating for more rather than actually walking away. Yet Spirit’s bondholders indicated they would not extend the NDAs, effectively preventing further negotiations.
Continue reading Bankrupt and Desperate—Spirit Airlines Just Killed A $2.9 Billion Deal To Build America’s 5th Largest Airline...
