Spirit Airlines is preparing to cease operations after talks of a government bailout failed to materialize, according to a report from The Wall Street Journal, citing people familiar with the matter.
The shut down could happen as early as 3 a.m., according to several reports.
CBS News reported a shut down could come as soon as Saturday, and cited sources who said there would be no last-minute effort for a bailout by the Trump administration.
A spokesperson for Spirit said the airline was operating as normal and declined to comment on ongoing discussions with bondholders.
The carrier spent the past few weeks pitching the Trump administration for a bailout to keep it afloat. The bailout would have included a $500 million loan in exchange for warra
