Spirit bailout talks fail, airline prepares to shut down, WSJ reports

Spirit Airlines, which had been hoping to finalize a $500M lifeline from the government before running out of cash, hasn’t been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business and it is preparing to cease operations, people familiar with the matter told The Wall Street Journal’s Alexander Gladstone, Brian Schwartz and Alison Sider.