Spirit Aviation Holdings has reached an agreement with its senior secured noteholders to amend its debtor-in-possession (DIP) credit agreement, enabling the previously agreed third funding round of incremental financing totalling US$100 million to be completed on December 15. Under the amended terms, US$50 million (net of original issue discount) is immediately available to the company. […]
Spirit advances restructuring plans Read More »
Spirit Aviation Holdings, Inc., parent company of Spirit Airlines (Spirit), has announced significant progress in its ongoing Chapter 11 restructuring after reaching agreements in principle both with its pilots and flight attendants. The new arrangements, made with the Air Line Pilots Association (ALPA) and the Association of Flight Attendants-CWA (AFA), mark a major step towards
Spirit Airlines secures key union agreements Read More »
Spirit Aviation Holdings, Inc., the parent of Spirit Airlines, is pressing forward with its Chapter 11 restructuring efforts, setting out a series of measures designed to stabilise operations and reshape the airline for the years ahead. Speaking before the U.S. Bankruptcy Court for the Southern District of New York, the company detailed fresh financing arrangements,
Spirit Airlines secures US$475 million financing package to drive restructuring Read More »
Spirit Aviation Holdings, the parent company of Spirit Airlines, has voluntarily entered the Chapter 11 restructuring process in the United States in a move aimed at strengthening its long-term financial position. The company said the decision was taken to establish a more secure foundation for future growth. Chapter 11 is a court-supervised process that enables
Spirit Airlines parent company files for Chapter 11 restructuring Read More »
Spirit Airlines has confirmed that John Kirby, Vice President of Network Planning, will retire at the end of this month. His decision closes a career that has lasted more than four decades in aviation. The airline expressed deep gratitude for his work. Rana Ghosh, Senior Vice President and Chief Commercial Officer, praised Kirby’s leadership and
Spirit Airlines’ John Kirby to retire after 40-year aviation career Read More »
Spirit Aviation Holdings, parent company of Spirit Airlines (Spirit), has announced the appointment of Dave Davis as its new President and Chief Executive Officer, effective April 21, 2025. Davis will also join the company’s Board of Directors. He arrives from Sun Country Airlines, where he served as President, Chief Financial Officer and Board member. His
Dave Davis takes helm at Spirit Airlines Read More »
Spirit Airlines and Safran Landing Systems have renewed their long-term agreement for the supply and MRO (Maintenance, Repair and Overhaul) of wheels and carbon brakes for the airline’s Airbus A320 fleet. The contract covers both A320ceo and A320neo aircraft currently in service, as well as future deliveries and was signed at MRO Americas in Atlanta,
Spirit Airlines extends wheel and brake partnership with Safran Read More »
Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, has successfully completed its financial restructuring, reducing approximately US$795 million in funded debt and securing greater financial flexibility for long-term growth. The airline now emerges in a stronger position, better equipped to enhance its services and improve profitability. As part of this restructuring, Spirit has received
Spirit Airlines completes restructuring and strengthens financial position Read More »
Spirit Airlines has provided an update on its restructuring process following a proposal from Frontier Group Holdings, the parent company of Frontier Airlines. On February 4, 2025, Frontier submitted a new restructuring proposal offering Spirit stakeholders US$400 million in second-lien debt and 19% of Frontier’s common equity following a proposed merger. The proposal would eliminate
Spirit Airlines restructuring update: Frontier’s proposal rejected Read More »
The United States Bankruptcy Court for the Southern District of New York has granted final approval for Spirit Airlines to complete the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. This decision follows the court’s earlier approval on December 7, 2024 for the initial sale of five aircraft, with the latest ruling
US Bankruptcy Court approves Spirit Airlines’ aircraft sale to GA Telesis Read More »
