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Story summary
- The U.S. government is weighing a $500 million loan for a 90 percent stake in Spirit Airlines.
- Spirit Airlines has $250 million in cash, enough for only a few days.
- A court postponed Thursday’s bankruptcy hearing as creditors and the administration continue bailout talks.
- Creditors Citadel, Ares Management Corp. and Cyrus Capital have rejected the plan.
- President Donald Trump said he is open to a takeover for the right price.
