A MAJOR budget airline is set to file for bankruptcy, it has been reported.
Spirit Airlines, a US low-cost carrier, was in discussion to merge with Frontier, another budget airline.
ReutersSpirit Airlines is said to be filing for bankruptcy[/caption]However, Frontier is no longer going ahead with the merger – putting Spirit at risk.
It is thought that the airline will file for Chapter 11 within weeks, the Wall Street Journal reports.
While Chapter 11 is bankruptcy...