Spirit Airlines, LLC, et al.

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Case overview

Case Number:

1:24-bk-11988

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. November 26, 2024

    Spirit Airlines Gets Nod On Initial Jet Sales In $519M Deal

    A New York bankruptcy judge on Tuesday blessed the sale of five Spirit Airlines planes to aerospace company GA Telesis as part of a larger $518.9 million deal for 23 of Spirit's Airbus jets.

  2. November 25, 2024

    Spirit's Cayman Units To Hit Ch. 11 As Airline Eyes Swift Reorg

    Four Spirit Airlines subsidiaries in the Cayman Islands were expected to file for bankruptcy protection Monday and ask a New York federal court to join the company's main Chapter 11 case, a move that Spirit says will help keep the debtor on course to confirm a reorganization plan.

  3. November 25, 2024

    Meet The Attorneys Helping Spirit Airlines Navigate Ch. 11

    Ultra-low-cost airline Spirit has called on lawyers from Davis Polk & Wardwell LLP to see it through a prearranged Chapter 11 meant to address $3.6 billion in funded debt after the U.S. Department of Justice thwarted the company's bid to merge with JetBlue.

  4. November 19, 2024

    How Spirit Airlines Landed In Bankruptcy Court

    Ultra-low-cost airline Spirit has always been more susceptible to inflationary pressures than its costlier competitors, but its failed merger earlier this year with JetBlue left it drifting toward a prearranged Chapter 11 on Monday to trim its $3.6 billion in funded debt.

  5. November 19, 2024

    Catching Up With New Bankruptcy Case Action

    Spirit Airlines filed for Chapter 11 bankruptcy, citing $3.6 billion in funded debt and unveiling a preapproved restructuring plan to convert $795 million of debt into equity. Dormify, Cosmed Group and PetroQuest Energy also sought bankruptcy protection, largely due to litigation-related challenges. Meanwhile, companies like Swedish debt collector Intrum and heat sealing equipment manufacturer SWC Industries blamed their financial struggles on rising interest rates, inflation, and broader macroeconomic pressures.

  6. November 18, 2024

    Spirit Airlines Files For Ch. 11 With Equity-Swap Plan

    Budget air carrier Spirit Airlines filed for Chapter 11 protection in a New York bankruptcy court Monday with $3.6 billion in funded debt and a preapproved equity swap restructuring plan.