“Spirit Airlines shut down due to fuel costs A lawyer representing the now-defunct Spirit Airlines said rising jet fuel prices left the company with “no remaining way out” of bankruptcy, leading to its shutdown as it seeks approval to sell off assets and retain staff through bonuses. Marshall Huebner told a US Bankruptcy Court hearing that the airline was informed on Thursday afternoon that a planned government financing initiative would not go ahead, and issued an apology to customers on behalf of the carrier. The administration of US President Donald Trump had proposed a $500m bailout last month to help the airline emerge from bankruptcy.
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