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' 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.
Spirit Airlines to Exit Bankruptcy Under Go-Private Deal
Spirit Airlines Inc. won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings Inc.
Spirit Airlines set to exit bankruptcy following court approval
Investing.com -- Spirit Airlines (OTC: SAVEQ) Inc. has received court authorization to exit bankruptcy through a take-private deal backed by its top bondholders, following the rejection of a takeover bid by Frontier Group Holdings (NASDAQ: ULCC) Inc. The decision was made by Judge Sean Lane on Thursday, who approved Spirit's restructuring plan.
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").
Why Spirit Airlines Really Doesn't Want To Join Forces With Frontier
Spirit Airlines rejected another acquisition offer by Frontier Airlines to combine the operations of both airlines, standing ...
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 ...
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' surprising bankruptcy decision turns heads
While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull ...
Frontier makes another takeover bid for Spirit Airlines and it is rejected, again
Spirit Airlines is rebuffing the latest takeover offer from Frontier Group, with the discount airline saying that it prefers ...
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 ...
Spirit Airlines reveals Orlando as top searched spot for spring break 2025
For the first time ever, Spirit Airlines released its most searched destinations for spring break, with one Florida city ...
JetBlue Mulls New Partnership After Talking With "Multiple Airlines"
JetBlue has taken several business decisions lately to restructure its operations in an attempt to improve its balance sheet.