Spirit Airlines shutting down after rescue talks collapse

The airline had been in talks with the Trump administration about a $500m bailout.

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The budget airline was in talks with the US government about a rescue deal which would have saved it from collapse.

But discussions collapsed and the carrier said in an announcement on its website on Saturday that with "great disappointment" the airline had "started an orderly wind-down of our operations, effective immediately".

Spirit was emerging from its second bankruptcy filing in recent years before the US-Israel war in Iran, but the resulting surge in jet fuel costs pushed it over the brink.

All upcoming flights with Spirit have been cancelled.