November 19, 20240 Comments

Nebraska files antitrust lawsuit against heavy-duty truck manufacturers over EV push By Reuters

(Reuters) – Nebraska Attorney General Michael Hilgers on Tuesday filed an antitrust lawsuit against some of the largest heavy-duty truck manufacturers accusing them of limiting the availability of diesel-powered semi-trucks in a shift to electric trucks. The lawsuit says the truck makers are engaged in “an industry-wide conspiracy to completely phase out medium and heavy-duty ICE vehicles” to comply with California’s regulations that aim to essentially eliminate semi-trucks with internal

Read More
November 19, 20240 Comments

Spirit Air files for bankruptcy following failed JetBlue deal

Article content Spirit Airlines Inc. has filed for bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp. The airline filed for Chapter 11 in New York listing assets and liabilities of between US$1 billion and US$10 billion, according to a court document. Spirit has been in negotiations with its creditors since a federal judge blocked that US$3.8 billion

Read More
November 18, 20240 Comments

No-frills US carrier Spirit Airlines files for bankruptcy protection

US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025. During that time, Spirit’s operations will continue as normal and passengers will be unaffected, it said.

Read More
November 18, 20240 Comments

Spirit Airlines files for bankruptcy protection after mounting losses

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The carrier early Monday said it reached a prearranged deal with its bondholders

Read More
November 18, 20240 Comments

Spirit Airlines files for bankruptcy protection By Reuters

(Reuters) -Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on Monday. The airline’s woes deepened after the collapse of its $3.8 billion planned merger with JetBlue Airways (NASDAQ:) in January and the impact of RTX’s Pratt & Whitney Geared Turbofan (GTF) engines snag that has grounded many of its

Read More
November 8, 20240 Comments

Kioxia files IPO registration statement; targeting December, sources say By Reuters

By Miho Uranaka and Sam Nussey TOKYO (Reuters) -Bain Capital-backed Kioxia filed a registration statement on Friday which will allow the Japanese chipmaker to sound out investors for an initial public offering. Kioxia’s filings indicate it aims to conduct an IPO some time from December through June 2025. The chipmaker is targeting December, two people familiar with the matter said. Bain scrapped plans for an IPO in October after investors

Read More