Spirit Airlines has officially closed its doors, suspending operations in the early morning hours of Saturday.
The airline, which was first reported to be considering liquidation several weeks ago, had hoped to secure a $500 million bailout from the U.S. government before running out of cash. Talks have reportedly stalled, however, with some of the creditors from Spirit's current bankruptcy opposing the terms of the bailout; the move could have seen the government owning a sizable equity stake in the airline.
As of Friday afternoon, the airline was still operating its normal schedule. But, by around 3 a.m. EDT on Saturday, Spirit said all flights had been canceled and that travelers should not go to the airport.
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