Decentralized cloud storage company Storj filed for Chapter 11 bankruptcy protection on July 27, becoming the second crypto firm to collapse this week. The company says operations will continue and proposes an unusual arrangement where token holders receive equity in the restructured business.
Spirit Airlines chief executive responds to the carrier collapse saying the company exhausted its financial runway. The low-cost airline model faces mounting challenges.
Spirit Airlines, which ceased operations after a rescue deal fell apart, says it has nearly finished refunding all affected customers
Ultra-low-cost carrier Spirit Airlines officially ceases operations on May 1, marking another major setback for the US aviation industry’s post-pandemic recovery.
Ultra-low-cost carrier Spirit Airlines prepares to cease operations after a Trump administration bailout deal falls through, with Iran-war-driven oil prices proving the final blow.
US low-cost carrier Spirit Airlines ceases operations after rescue talks with the Trump administration over a $500m bailout package collapse.
Spirit Airlines is preparing to shut down operations after its rescue deal collapsed, marking the end of a major restructuring effort for the US ultra-low-cost carrier.
Spirit Airlines prepares to shut down after rescue deal with the Trump administration falls apart, potentially affecting thousands of employees and travelers.
Trump’s proposal for the federal government to directly acquire bankrupt Spirit Airlines has sparked strong opposition from Republican lawmakers, who argue it violates free market principles.