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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.
After announcing that it was filing for bankruptcy protection in November 2024, low-cost airline Spirit Airlines has continued to run flights within the U.S. and to nearby international ...
Spirit Airlines filed for bankruptcy protection Monday, as mounting losses, unaffordable debt, increased competition for bargain-seeking airline passengers and the inability to merge with other ...
While Spirit Airlines has filed Chapter 11 bankruptcy, the company assures customers that all tickets already booked will be valid and flights will operate as scheduled.
Spirit Airlines, the airline of choice for many budget travelers, filed for bankruptcy protection Monday, raising questions about the viability of no-frills airlines in the post-pandemic era, as ...
The offer was a significant drop from the $580 million in take-back debt and 26.5% equity that Frontier reportedly offered Spirit in the summer of 2024 before Spirit's bankruptcy announcement.
Spirit Airlines filed for bankruptcy protection Monday morning as holiday travel season approaches. ... the lessor will retain possession and will be free to re-lease to Spirit or another airline ...
Spirit Airlines officially filed for bankruptcy protection today Monday after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses, failed merger attempts and ...