Spirit Airlines has shut down, ending weeks of online speculation that Elon Musk might rescue the struggling US budget airline through a takeover. The carrier confirmed on Saturday that it had begun an orderly wind-down of operations, cancelling all flights with immediate effect and advising passengers not to head to airports.
The rumours of a Musk-led acquisition have now been thoroughly debunked as the low-cost carrier joins the list of aviation casualties amid rising costs.
