#debt-and-cash-flow

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NYC startup
fromFortune
5 hours ago

The startup behind the aspirational Hyperloop tunnel project in Northern Italy has struggled to pay employee salaries and rent this year, documents show | Fortune

HyperloopTT faces imminent cash shortfalls, debt repayment deadlines, and unpaid employee back wages, threatening prototype plans and risking asset forfeiture.
fromFortune
8 months ago

Spirit Airlines files for bankruptcy again, and flight attendants union warns to 'prepare for all possible scenarios'

The ultra low-cost airline said it plans to keep flying as usual during the restructuring process, meaning passengers can still book trips and use their tickets, credits and loyalty points. Employees and contractors will also continue to get paid, the company said. CEO Dave Davis said the airline's previous Chapter 11 petition focused on reducing debt and raising capital, and since exiting that process in March,
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