Spirit Airlines rejects Frontier's 2nd attempt to buy the ...
3 days ago · Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
US's Spirit Airlines secures chapter 11 exit funding
Spirit Airlines (NK, Fort Lauderdale International) has secured an agreement from certain prepetition debtholders to provide up to USD300 million in financing once it emerges from Chapter 11 and fulfils certain criteria. CEO Ted Christie also told Spirit's employees in an internal memo this week that 200 of them will lose their jobs.
US’s Spirit Airlines secures chapter 11 exit funding
Jan 22, 2025 · Spirit Airlines disclosed in a Securities Exchange Commission (SEC) filing on 16th January that it has secured up to $300 million in financing from its existing debtholders in its efforts to emerge stronger from Chapter 11 bankruptcy proceedings.
Spirit Airlines Files For Bankruptcy, Aims To Exit Chapter 11 In …
Nov 18, 2024 · Early on Monday, the carrier announced it had filed for a prearranged chapter 11 that included backstopped commitments of $350 million in equity investment and $300 million in...
Spirit Airlines rejects new merger offer from Frontier
3 days ago · Spirit Airlines rejects new merger offer from Frontier Rather than accept the offer, Spirit said it will stick to its current plan to emerge from Chapter 11 bankruptcy.
Frontier makes a second bid for Spirit as budget airlines struggle
3 days ago · Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.
Spirit Airlines Gets $300 Million in Chapter 11 Exit Financing
Jan 16, 2025 · Spirit Airlines Inc. lenders have agreed to provide the airline with as much as $300 million in financing to help fund its proposed exit from Chapter 11 in the coming weeks, the company said Thursday.
Spirit Airlines files for bankruptcy protection : NPR
Nov 18, 2024 · WASHINGTON — After years of financial losses and a failed merger attempt, Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday. The low-cost carrier announced it has reached...
Spirit Airlines files for Chapter 11 bankruptcy protection - The …
Nov 18, 2024 · Spirit Airlines, the nation's largest ultra-low-cost carrier, has filed for bankruptcy protection, the company announced Monday. Facing significant financial headwinds, the Dania Beach, Florida-based airline said it has entered into Chapter 11 bankruptcy proceedings in an effort to "position the company for long-term success."
Spirit Airlines enters Chapter 11 proceedings, restructuring
Nov 18, 2024 · Spirit Airlines (SAVE) announced that it has entered into a restructuring support agreement, or RSA, supported by a supermajority of Spirit’s loyalty and convertible bondholders on the...