May 01, 2026
President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is preparing to shut down.
April 24, 2026
Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid two bankruptcy filings, saying an investor failed to allege any misleading statements and instead relied on impermissible "fraud-by-hindsight" allegations.
April 23, 2026
Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday bankruptcy hearing in New York.
April 22, 2026
Just 14 months after Spirit Airlines received a New York bankruptcy judge's approval for a debt-equity swap Chapter 11 plan in an earlier case, the budget airline is heading to court again Thursday to defend its disclosure statement for a new plan and move toward a second reorganization.
April 17, 2026
Purdue Pharma will undergo an omnibus hearing and get criminally sentenced, Office Properties Income Trust will seek plan confirmation and Spirit will vie for the all-clear to take a vote on its own plan.
April 14, 2026
The U.S. Trustee's Office asked a New York bankruptcy judge to reject Spirit Airlines' bid to take a Chapter 11 plan to a vote, saying the debtor's disclosure statement regarding the plan is too thin.
April 10, 2026
Label-maker Multi-Color and film producer Village Roadshow will seek court approval for their respective Chapter 11 plans. Spirit Airlines is hoping to send the reorganization plan for its second bankruptcy off for a creditor vote. And creditors to Brazilian telecommunications group Oi SA will argue that a planned equity sale violates an earlier Chapter 15 order.
April 06, 2026
Spirit Airlines named its stalking horse as the winner of 20 planes previously set for auction. Saks Global Enterprises got exit funding and proposed a Chapter 11 plan. And a Delaware bankruptcy judge largely approved Yellow Corp.'s settlement of billions in pension fund claims.
April 03, 2026
Bankrupt Spirit Airlines has canceled a Chapter 11 auction and named its stalking horse bidder, CSDS Aircraft with a $533.5 million offer, the successful buyer of its assets after receiving no other qualified bids.
March 16, 2026
Bankrupt air carrier Spirit Airlines has reached a deal with its debtor-in-possession lenders and proposed a Chapter 11 plan to slash over $5 billion in debt and liabilities, saying it's aiming to confirm the plan by mid-June.