A lawyer for bankrupt Spirit Airlines stated the rising price of gas "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 attorneys 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.
CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s out there free to everybody with entry to the web and is the vacation spot for breaking information, stay occasions, unique reporting and storytelling, and applications from CBS News and Stations’ high anchors and correspondents working regionally, nationally and across the globe. It is on the market on greater than 30 platforms throughout cell, desktop and related TVs without spending a dime, in addition to CBSNews.com and Paramount+ and stay in 91 nations.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h
For video licensing inquiries, contact: [email protected]
