A lawyer for bankrupt Spirit Airlines mentioned the rising price of gasoline "engulfed" the airline, drained its liquidity, and derailed its restructuring efforts. There’s a way of urgency to expedite the liquidation course of as a result of legal professionals say it could profit collectors and clients. Bob Allen, managing editor of Nomadic Aviation Group, which handles personal flight operations for the plane leasing business, joins "The Daily Report" to debate.
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