Spirit Airlines recovery plan approved by court

Spirit Airlines gets court approval for $795 million debt deal
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.
Spirit Airlines recovery plan approved by court; bankruptcy expected to end ‘in the coming weeks’
Financially troubled Spirit Airlines says its reorganization plan has been approved by a federal bankruptcy court in New York, opening the way for its exit from Chapter 11 “in the coming
Court Approves Spirit Airlines’ Reorganization Plan
Spirit Airlines, Inc. received court approval for a $795 million funded debt equitizing plan on February 20, which the company expects to alleviate its Chapter 11 bankruptcy. After struggling to recover following the pandemic and a failed merger with JetBlue that was blocked by the federal government citing anti-competitive concerns,
Spirit Airlines' bankruptcy plan approved, gives major lenders control
Spirit Airlines exits bankruptcy with a debt reduction plan, transferring ownership to majority lenders while eliminating shareholder compensation.
Spirit Airlines Gets Green Light From Court To Emerge From Bankruptcy
Spirit’s approval comes after the third merger attempt by Denver-based ULCC Frontier Airlines, part of a back-and-forth process between the two budget carriers that dates back to 2022 when Frontier made a run for Spirit but was usurped by JetBlue.
Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
A U.S. bankruptcy judge approved Spirit Airlines' restructuring plan to emerge from Chapter 11 bankruptcy as a private company.
Spirit Airlines to exit Chapter 11 ‘within weeks’ as court backs recovery plan
Spirit Airlines says it expects to emerge from Chapter 11 reorganization bankruptcy “within weeks” after a US court approved its recovery plan.
Spirit Airlines Receives Court Confirmation of Reorganization Plan
Spirit Airlines’ plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New York. With this approval in place, the company expects to emerge from Chapter 11 in the coming weeks.
Spirit Airlines' surprising bankruptcy decision turns heads
After Spirit Airlines declared that it had filed for Chapter 11 protection last November, rumors about the low-cost airline's future reached a fever pitch. Stay ahead of the marke
Spirit Airlines to exit bankruptcy under go-private deal
SPIRIT Airlines won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings. Read more at The Business Times.
Spirit Airlines To Go Private After Court Approves Restructuring Plan, Retail Expresses Disappointment
Spirit Airlines (SAVEQ) garnered retail attention on Thursday after a court approved its plan to exit bankruptcy by converting $795 million in debt to equity and emerge as a privately owned company. The company said it expects to emerge from restructuring in the coming weeks following the approval of the United States Bankruptcy Court for the Southern District of New York to hand over the airline to creditors.
Bankrupt Spirit Airlines seeks recapitalization after rejecting Frontier's bid
After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition ...
JetBlue talking to 'multiple airlines' about a new partnership
JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two ...