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Spirit says it is ‘actively’ exploring a sale or merger as it streamlines operations in bankruptcy

Spirit says it is ‘actively’ exploring a sale or merger as it streamlines operations in bankruptcy

Spirit Airlines’ dramatic overhaul of its operations could well end with a sale or merger with another carrier, according to a recent regulatory filing.

While outlining the sweeping restructuring measures it has undertaken since filing a second Chapter 11 bankruptcy petition in less than a year, the airline has acknowledged holding talks with would-be suitors. The discussions have come as management has engaged in an aggressive transformation of Spirit’s route system, fleet, work force and passenger amenities, while taking stock of various assets that could be sold.

“The value maximizing outcome may be a merger or sale of the company; Spirit is actively working to explore all potential opportunities,” according to the mid-October filing with the Securities and Exchange Commission. “The company is actively engaged in discussions with a number of interested counterparties.”

The filing does not identify any suitor or merger partner.

But the Dania Beach-based budget airline, which filed for Chapter 11 bankruptcy protection on Aug. 29, endured a turbulent period of dueling courtships with Frontier Airlines and JetBlue Airways between 2022 and 2024. read more

Winter Park OKs divisive racquet club project with conditions in upscale neighborhood

Winter Park OKs divisive racquet club project with conditions in upscale neighborhood

Agreement to a cacophony of conditions covering everything from outdoor lighting to indoor window treatments helped the Winter Park Racquet Club get city approval for a controversial expansion project in its upscale neighborhood.

City commissioners Wednesday voted 4-1 to allow the club at 2111 Via Tuscany to tear down a two-story house fronting its campus and replace it with a larger single-story building.

The club founded in 1953 on the shores of Lake Maitland is in the neighborhood known as The Vias, where multimillion-dollar homes with manicured lawns line brick-surfaced streets. The proposal had irked many neighbors, whose concerns went beyond the specific construction project to encompass the number of club members, bright tennis court lights and pickleball noise. Yards across from the club displaying red signs stating: “Stop WPRC Commercial Expansion in Our Neighborhood.”

The project headed to commissioners with nine conditions that came out of Planning & Zoning Board meetings. But a couple hours before the commission met, a gathering of neighbors and club representatives agreed on 12 more — and commissioners added three — for a total of 24. That seemed to calm the opposition. read more

DeSantis slams Florida House’s property tax plan, calling it a ‘political game’

DeSantis slams Florida House’s property tax plan, calling it a ‘political game’

TALLAHASSEE — Gov. Ron DeSantis has dismissed a series of proposed constitutional amendments released last week by the Florida House to cut property taxes.

DeSantis, who has made a top priority of asking voters in the 2026 elections to slash property taxes for homeowners, said in an online post that the House approach was a “political game.” The House proposed seven measures for the ballot.

“Placing more than one property tax measure on the ballot represents an attempt to kill anything on property taxes,” DeSantis said late Wednesday on X. “It’s a political game, not a serious attempt to get it done for the people.”

DeSantis’ comment came in response to a post by Maria Peiro, who called the House proposals “half measures” and “confusing.”

Peiro unsuccessfully ran for the Republican nomination for a South Florida congressional seat in 2016 and 2018.

Despite making appearances across the state, DeSantis had not previously responded to the House proposals, which were released Oct. 16. read more

Tesla recalls more than 63,000 Cybertrucks because the front lights are too bright

Tesla recalls more than 63,000 Cybertrucks because the front lights are too bright

By MICHELLE CHAPMAN, AP Business Writer

Tesla is recalling more than 63,000 Cybertrucks in the U.S. because the front lights are too bright, which may cause a distraction to other drivers and increase the risk of a collision.

The National Highway Traffic Safety Administration said that the recall includes certain Cybertrucks with a model year between 2024 and 2026. The vehicles were made between Nov. 13, 2023, and Oct. 11, 2025, with operating software versions prior to 2025.38.3.

The agency said that Tesla is not aware of any collisions, injuries, or fatalities related to the condition.

Tesla, which is run by billionaire Elon Musk, is issuing a free software update to correct the issue.

Earlier this month, federal regulators opened yet another investigation into Tesla’s self-driving feature after dozens of incidents in which the cars ran red lights or drove on the wrong side of the road, sometimes crashing into other vehicles and causing injuries.

The National Highway Traffic Safety Administration said in a filing that it was looking into 58 incidents in which Teslas reportedly violated traffic safety laws while using the company’s so-called Full Self-Driving mode, leading to more than a dozen crashes and fires and nearly two dozen injuries. The new probe adds to several other open investigations into Tesla technology that could upend Musk’s plans to turn millions of his cars already on the road into completely driverless vehicles with a over-the-air update to their software. read more

Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes

Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes

By MATT OTT, AP Business Writer

WASHINGTON (AP) — Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.

U.S. benchmark crude jumped 6%, to $62 per barrel midday Thursday and analysts say if the situation remains static, U.S. consumers will soon be paying more at the pump.

Patrick De Haan, head of petroleum analysis for GasBuddy, said while it was difficult to predict with certainty because of the number of moving parts, consumers will likely see a bump in prices as early as next week, if not sooner.

“We’ll probably start to see motorists be impacted by the sanctions at the pump in the next couple days and it might take five days for that to be fully passed along,” De Haan said, adding that the full impact also depends on whether the Russian or U.S. positions change.

“Russia will feel pressure to come to the table in light of of the new developments or President Trump may react when he sees oil prices rising to levels that become uncomfortable, so I don’t think this is going to be very long lasting,” De Haan said. read more