Spirit Airlines in Talks With Castlelake About Potential Takeover: Report
Photo Credit: A Spirit Airlines Airbus A320neo. Airbus / Airbus
Skift Take
After merger talks with Frontier stalled, Spirit is now looking to Castlelake for another way out of Chapter 11 bankruptcy.
Spirit Airlines is in talks about a potential takeover with alternative investment firm Castlelake as the carrier’s future looks increasingly uncertain during its second Chapter 11 bankruptcy, according to a report from CNBC.
Spirit had been in talks with Frontier Airlines about a merger again, but a deal failed to materialize, according to the report.
The airline industry was widely anticipating that either Frontier Airlines and Spirit would announce a merger in January or Spirit would h
