merger

US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts.

Speaking exclusively to the BBC, Sir David Behan, the regulator’s chairman, called for radical change, saying course closures and university mergers might be needed for financial stability.

Shares in Capital One and Discover, which have a merger under review by regulators, have jumped roughly 20% since the result.

“As part of the merger process, meals, service ware and other soft elements have been upgraded and incorporates aspects of both Vistara and Air India,” an Air India spokesperson said in an email response.

He also mentioned “attacking food prices by going after some of these anti-competitive mergers ... attacking climate change by continuing our investment in renewable energy, and also really diving into the water issue. No pun intended.”