Spirit Airlines recovery plan approved by court

Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
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
Court Approves Spirit Airlines’ Reorganization Plan
Spirit Airlines, Inc. received court approval for a $795 million funded debt equitizing plan on February 20, which the company expects to alleviate its Chapter 11 bankruptcy. After struggling to recover following the pandemic and a failed merger with JetBlue that was blocked by the federal government citing anti-competitive concerns,
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' bankruptcy plan approved, gives major lenders control
Spirit Airlines exits bankruptcy with a debt reduction plan, transferring ownership to majority lenders while eliminating shareholder compensation.
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 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
Spirit Airlines Receives Court Confirmation of Reorganization Plan
Spirit Airlines’ plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New York. With this approval in place, the company expects to emerge from Chapter 11 in the coming weeks.
Spirit Airlines to exit Chapter 11 ‘within weeks’ as court backs recovery plan
Spirit Airlines says it expects to emerge from Chapter 11 reorganization bankruptcy “within weeks” after a US court approved its recovery plan.
Spirit Airlines' surprising bankruptcy decision turns heads
While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time, got even smaller.
After a string of incidents, some flyers are sticking with a surprising carrier: Spirit
People pointed out on social media that Spirit hasn’t dealt with recent plane crashes like American and Delta airlines, and that the budget airline uses an all-Airbus fleet after incidents on ...
Bankrupt Spirit Airlines seeks recapitalization after rejecting Frontier's bid
After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition ...
Florida, Las Vegas, Puerto Rico: Top spring break spots according to Spirit Airlines
Florida, Las Vegas and Puerto Rico are the top spring break destinations, offering a mix of attractions, beaches and culture.
JetBlue Mulls New Partnership After Talking With "Multiple Airlines"
JetBlue has taken several business decisions lately to restructure its operations in an attempt to improve its balance sheet.
Some airlines moving check-in ops to Terminal 2 at O'Hare starting next week
Spirit Airlines, Southern Airways Express and Denver Air Connection will move their check-in operations to Terminal 2. They ...
Flightglobal23h
‘We wish them luck’: Frontier chief Barry Biffle on failed Spirit tie-up attempt
Frontier Airlines chief executive Barry Biffle maintains that his airline's rejected attempts to acquire rival ultra-low-cost ...