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Spirit pilots appeal to lenders to back airline’s overhaul in bankruptcy, reject liquidation – Sun Sentinel

In an unusual appeal, the unionized pilots of Spirit Airlines have written to the company’s bondholders to urge them to continue backing the company’s reorganization in bankruptcy court, and to reject a liquidation “that would destroy South Florida’s hometown airline.” The open letter, written on behalf of the Spirit contingent of the Air Line Pilots…

How the IMF can help Venezuela stabilize its economy

Bottom lines up front WASHINGTON—Without US support, Venezuela’s post-Maduro government stands little chance of stabilizing its shattered economy. The United States is the main customer for Venezuela’s oil, US creditors hold the bulk of Venezuela’s debt, most bonds were issued under New York state law, and the White House has strong political influence over the…