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BWI's second-largest airline emerges from bankruptcy

Spirit Airlines has emerged from Chapter 11 bankruptcy, completing its restructuring process and becoming a stronger airline, according to CEO Ted Christie.
The airline reduced its debt by about $795 million and received a $350 million equity infusion to support future initiatives.
Spirit plans to relist its shares on a stock exchange but hasn't set a date yet.
Christie stated that the airline is ready to take on competitors like Southwest Airlines amid changes in the industry's pricing strategies.

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Spirit Airlines says exits bankruptcy after restructuring

New York, United States — Budget airline Spirit, which filed for bankruptcy in November after months of difficulties, announced Thursday it had completed a restructuring deal with creditors to trim its debt by nearly $800 million. “With significantly less debt and greater financial flexibility, Spirit emerges (from Chapter 11 bankruptcy protection) as a stronger company

17 hours ago·Manila, Philippines

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Benzinga

Spirit Airlines Bounces Back From Bankruptcy, Set To Enhance Passenger Services - Frontier Group Holdings (NASDAQ:ULCC), Spirit Airlines (OTC:SAVEQ)

Spirit Aviation Holdings, Inc. (OTC:SAVEQ), the parent company of Spirit Airlines, LLC (OTC:SAVEQ) announced that it has successfully completed its financial restructuring. What Happened: The United States Bankruptcy Court for the Southern District of New York has confirmed Spirit’s Plan of Reorganization, with a supermajority of the company’s loyalty and convertible noteholders offering immense support, stated the company via press release. The…

21 hours ago·New York, United States

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The Business Journals

BWI's second-largest airline emerges from bankruptcy

Spirit Airlines has officially emerged from bankruptcy with a major financial overhaul.

1 day ago·United States

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Associated Press News

+14 Reposted by 14 other sources

Spirit Airlines exits bankruptcy protection as travel demand slows

Discount carrier Spirit Airlines has emerged from bankruptcy protection. The budget airline — known for its no-frills, low-cost flights on a fleet of yellow planes — said this week that its parent, Spirit Aviation Holdings, exited Chapter 11 after finalizing debt restructuring.

1 day ago·United States

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CNBC

+3 Reposted by 3 other sources

Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says

Spirit Airlines emerged from Chapter 11 bankruptcy this week, meeting its target to exit in the first quarter.

1 day ago·United States

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UPI

Spirit Airlines emerges from bankruptcy a 'stronger, more focused airline,' CEO says

Spirit Airlines has completed the Chapter 11 bankruptcy process, and is "emerging as a stronger and more focused airline," chief executive Ted Christie said Wednesday.

2 days ago·Washington, United States

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