Spirit Airlines (SAVE) is in discussions with bondholders over the terms of a bankruptcy filing following the failed merger with JetBlue (JBLU), Alexander Gladstone, Alison Sider, and Andrew Scurria of The Wall Street Journal reports, citing people familiar with the matter. The company is also exploring potentially restructuring its balance sheet through an out-of-court transaction, though recent talks are focusing on supporting a chapter 11 filing, the people added. If it should happen, the timing of the filing would not be imminent, the sources added.
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