Spirit Airlines, a leader in the ultra-low-cost air travel sector, has filed for Chapter 11 bankruptcy protection, marking a significant turning point for the airline. This decision follows years of financial turbulence, compounded by operational challenges and two high-profile failed merger attempts that left the company in a precarious position. The bankruptcy filing, submitted to […]
Apollo Global Management is nearing a game-changing $2 billion deal to acquire aerospace components manufacturer Barnes Group, a move that could dramatically reshape the aerospace industry, according to a report from Reuters. This acquisition underscores Apollo’s ambition to expand its portfolio into aerospace, marking a significant strategic shift for the investment giant. The potential merger […]
