Spirit Shuts Operations After White House Bailout Collapses (2)

Spirit Aviation Holdings Inc.is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald Trump fell through.

All Spirit flights have been canceled, and passengers have been advised not to go to the airport, after the airline failed to secure a deal with the Trump administration for funding.

“Sustaining the business required hundreds of millions of additional dollars of liquidity that Spirit simply does not have and could not procure,” said Dave Davis, Spirit’s chief executive officer, in a statement on Saturday. ...