‘We Want To Be Real Police’: Scandal-Ridden Air Marshals Push To Break Free From TSA

Oct 05 2024

Federal air marshals have gotten together and they want out of the TSA. They want to be real police, and as long as the air marshal service is part of that agency they “feel like they are not performing law enforcement duties.” Instead, they want to be a standalone law enforcement agency with the Department of Homeland Security or, if need be, the Department of Transportation.

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Spirit Airlines’ $3.3 Billion Debt Crisis: Can Planned Bankruptcy, Route Cuts, And Shedding Aircraft Keep It Flying?

Oct 04 2024

Spirit Airlines is in talks with bondholders about a pre-packaged bankruptcy that would allow the airline to reduce debt in exchange for equity. This move would potentially allow the carrier to reject leases on aircraft grounded due to engine problems. Twenty one Airbus narrowbodies are currently in storage (or heavy maintenance) out of 94 with Pratt & Whitney Geared Turbo Fan engines, according to Cirium fleet tracking data.

Out of $3.3 billion in debt, one third of that comes due in under a year, and it must refinance or extend the debt by October 21 under covenants with its credit card processor agreement.

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