
Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines was back in bankruptcy court to start dismantling the airline.

Spirit Airlines was back in bankruptcy court to start dismantling the airline.

The long-troubled air carrier is in bankruptcy court as the Trump administration scrambles to save the companySoaring fuel prices are threatening air carriers around the world, and in the US the White House is scrambling to save the long-troubled Spirit Airlines.The carrier is in bankruptcy court and is quickly running out of cash. Reports last week suggested that the Trump administration was in talks to loan as much as $500m to the company as it teetered on the brink of liquidation. Then on Thursday, Trump told reporters the federal government might buy the ailing airline. Continue reading...

Sullivan & Cromwell has apologized to a U.S. bankruptcy court after admitting that a filing in a case involving Prince Group contained AI-generated errors and fabricated legal citations. The firm stated that internal policies regarding AI verification were not followed.