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 gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ SAVEQ.PK debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
Spirit Airlines Turns Down Frontier's Offer, Faces Uncertain Future Amid Bankruptcy
Spirit and Frontier started talks to merge their operations, but the process hit a snag when JetBlue Airways swooped in with a bolder $4 billion offer in March 2024.
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 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
Spirit Airlines receives all clear to exit bankruptcy
Spirit Airlines has gotten the all clear to take off out of bankruptcy. A bankruptcy judge in New York approved the Broward-based airline’s plan this week.
Spirit Airlines Receives Court Confirmation of Reorganization Plan
Spirit Airlines, Inc. ("Spirit" or the "Company") today announced the Company's Plan of Reorganization ("the Plan") was confirmed by the United States Bankruptcy Court for the Southern District of New York (the "Court").
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.
Spirit Airlines' bankruptcy plan approved, gives major lenders control
Spirit Airlines’ (OTC:SAVEQ) plan to exit bankruptcy through a debt restructuring deal has been approved by a bankruptcy court that will transfer ownership of the beleaguered carrier to its majority lenders.
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Frontier touts credit card hot streak, predicts next big airline merger is coming
Frontier Airlines is seeing a huge spike in the number of applicants for its cobranded credit card. Meanwhile, talk about the next industry merger or alliance is swirling.
Spirit Airlines rejects another Frontier Airlines acquisition worth $2.16B
Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the ...
Spirit Airlines rejects merger with Frontier – again
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ...
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 ...
Frontier, JetBlue And Southwest Navigate Industry Primed For Mergers
Key executives from Frontier Airlines, JetBlue Airways and United Airlines all appeared at a Barclays conference in Miami.
Why the model for low-cost airlines may be 'evaporating'
Frontier's latest attempt to buy Spirit underscores the "evaporating" state of the low-cost airline business model.
Spirit another rejects buyout bid from Frontier Airlines
The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit ...