March 16, 2026
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
March 11, 2026
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft it owns on the auction block next month with a baseline bid set at more than half a billion dollars.
March 06, 2026
In the week ahead, bankruptcy courts will consider issues including whether to put a trustee in charge of Fat Brands' Chapter 11, if an Illinois horse track can get interim financing access and Spirit Airlines' asset auction procedures.
March 02, 2026
Solar panel co. PosiGen was given the green light to wind down, fiber network Tilson's Chapter 11 case was dismissed, and Mallinckrodt's bankruptcy prevented antitrust payouts.
February 24, 2026
Bankrupt budget airline Spirit Aviation Holdings announced Tuesday that it has reached an agreement with its secured creditors for a restructuring plan that will allow the company to emerge from Chapter 11 by summer with a streamlined aircraft fleet and improved flight offerings.
January 28, 2026
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
December 22, 2025
A New York federal grand jury indicted former executives of Tricolor Holdings on fraud charges, while Spirit Airlines lined up an additional $100 million in financing. Akoustis Technologies won court approval to carry out its Chapter 11 liquidation plan, and the Roman Catholic Diocese of Oakland, California, and abuse claimants agreed to continue talks toward a reorganization plan.
December 15, 2025
Spirit Airlines will be able to tap into an additional $100 million of post-bankruptcy financing, it said Monday, the same day that an examiner found no evidence of bad faith in the budget airline's back-to-back Chapter 11 filings.
December 08, 2025
A New York bankruptcy judge on Monday said he will approve a move by Spirit Airlines to transfer two of its four preferential gate assignments at Chicago's O'Hare International Airport to American Airlines for $30 million.
December 04, 2025
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.