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Spirit Airlines to Exit Bankruptcy Under Go-Private Deal

  • Spirit Airlines Inc. Received court approval to exit bankruptcy through a lender-backed restructuring deal, as stated by Judge Sean Lane.
  • The restructuring plan, which reduces $795 million in debt, was confirmed by the U.S. Bankruptcy Court for the Southern District of New York.
  • Spirit aims to enhance passenger experiences and will continue normal operations despite the bankruptcy process.
  • Spirit plans to enhance customer experience by introducing new premium options and has stated that its leadership team is focused on reducing costs and improving services.
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Bloomberg broke the news in United States on Thursday, February 20, 2025.
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