Spirit Pilots Appeal to Lenders to Back Airline’s Overhaul in Bankruptcy, Reject Liquidation

Spirit pilots appeal to lenders to back airline’s overhaul in bankruptcy, reject liquidation

In an unusual appeal, the unionized pilots of Spirit Airlines have written to the company’s bondholders to urge them to continue backing the company’s reorganization in bankruptcy court, and to reject a liquidation “that would destroy South Florida’s hometown airline.” The open letter, written on behalf of the Spirit contingent of the Air Line Pilots Association, comes after the union and management settled on a revised contract late last year t…

Pilots urge Spirit Airlines bondholders to honour funding

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Spirit Airlines Pilots Plead With Citadel To Continue Funding As Liquidation Risk Grows

Pilots at cash-strapped budget carrier Spirit Airlines have sent an open letter to a key bondholder, pleading with it to keep on financing the beleaguered company as it navigates itself through a complicated Chapter 11 bankruptcy process. The letter comes less than a month after Spirit secured a $100 million funding lifeline at the eleventh… The post Spirit Airlines Pilots Plead With Citadel To Continue Funding As Liquidation Risk Grows appeared…