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More than 370,000 people pledge $337 million toward a co-op revival of the carrier.
More than 370,000 people have pledged $337 million for a Spirit Airlines co-op revival.
KEY POINTS
- Pledges collected are nonbinding and no actual funds have been transferred yet.
- SEC crowdfunding rules limit public raises to $5 million, far below the needed $1.75 billion.
- Peterson has met with Spirit's flight attendant union and secured a legal fund for a bid.
- An auction of Spirit's assets is imminent, pressured by major bondholders rejecting a federal bailout.
COMPANIES
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