Spirit Airlines just cleared a big financial hurdle. What the change means for travelers
Spirit Airlines has cleared its biggest financial hurdle so far, allowing the Broward-based company to continue flying. The U.S. Bankruptcy Court for the Southern District of New York on Feb. 20 approved the carrier’s plan to continue operating as a business. That’s the most critical and often difficult part of a corporate restructuring.
Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
A U.S. bankruptcy judge approved Spirit Airlines' restructuring plan to emerge from Chapter 11 bankruptcy as a private company.
Spirit Airlines receives all clear to exit bankruptcy
Spirit Airlines has gotten the all clear to take off out of bankruptcy. A bankruptcy judge in New York approved the Broward-based airline’s plan this week.
Spirit Airlines Gets Green Light From Court To Emerge From Bankruptcy
Spirit’s approval comes after the third merger attempt by Denver-based ULCC Frontier Airlines, part of a back-and-forth process between the two budget carriers that dates back to 2022 when Frontier made a run for Spirit but was usurped by JetBlue.
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ SAVEQ.PK debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
Spirit Airlines to exit Chapter 11 bankruptcy with deep-pocketed buyers
Spirit Airlines is on track to emerge from Chapter 11 bankruptcy thanks to the private takeover of multibillion-dollar bondholders like Ken Griffin's Citadel Advisors.
Spirit Airlines recovery plan approved by court; bankruptcy expected to end ‘in the coming weeks’
Financially troubled Spirit Airlines says its reorganization plan has been approved by a federal bankruptcy court in New York, opening the way for its exit from Chapter 11 “in the coming
Spirit Airlines To Go Private After Court Approves Restructuring Plan, Retail Expresses Disappointment
Spirit Airlines (SAVEQ) garnered retail attention on Thursday after a court approved its plan to exit bankruptcy by converting $795 million in debt to equity and emerge as a privately owned company. The company said it expects to emerge from restructuring in the coming weeks following the approval of the United States Bankruptcy Court for the Southern District of New York to hand over the airline to creditors.
Spirit Airlines' bankruptcy plan approved, gives major lenders control
Spirit Airlines’ (OTC:SAVEQ) plan to exit bankruptcy through a debt restructuring deal has been approved by a bankruptcy court that will transfer ownership of the beleaguered carrier to its majority lenders.
CNN23d
Frontier makes an offer to rescue Spirit Airlines
Frontier Airlines is making another offer ... In November 2024, Spirit filed for bankruptcy, and it recently slashed 200 jobs. A spokesperson previously told CNN that the job cuts are meant ...
The Washington Post23d
Spirit Airlines rejects new merger offer from Frontier
Frontier Airlines renewed its courtship of bankrupt Spirit Airlines with an offer to ... including cutting jobs, furloughing pilots and delaying aircraft deliveries. In November, it filed for ...