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Spirit Airlines Rescue Deal Stalls Over Lender Claim Concerns

4/30/2026

Summary

Story summary

Spirit Airlines' $500 million rescue financing talks have stalled as a lender group, including Citadel, says terms would erode claim values and limit recoveries.
Lenders submitted a counterproposal that remains unanswered.
Reuters could not verify the report, with Citadel and Spirit declining comment.
A separate report says Spirit has support from two of its three creditor groups, prompting a New York bankruptcy court to consider a Thursday hearing if all agree.

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Story summary

Spirit Airlines' $500 million rescue financing talks have stalled as a lender group, including Citadel, says terms would erode claim values and limit recoveries.
Lenders submitted a counterproposal that remains unanswered.
Reuters could not verify the report, with Citadel and Spirit declining comment.
A separate report says Spirit has support from two of its three creditor groups, prompting a New York bankruptcy court to consider a Thursday hearing if all agree.