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Spirit Airlines expects to exit Chapter 11 bankruptcy by summer
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Spirit Airlines expects to exit Chapter 11 bankruptcy by summer
Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructuring.
·East Providence, United States
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Spirit Airlines, which was in danger of closing due to constant losses and two bankruptcy statements, has reached an agreement that will allow it to survive, although as a smaller company. The low-cost airline announced this Tuesday that it reached an agreement with creditors that will allow it to break out of bankruptcy by the end of this spring or early summer. (Continue reading...) The entry Spirit Airlines reaches an agreement to get out of …
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