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Spirit Airlines files for bankruptcy months after JetBlue merger demise

by Robert Van Pash (Editor)
November 19, 2024
in Jetblue Airlines
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Dive Brief:

  • Spirit Airlines filed for Chapter 11 bankruptcy on Monday in a prearranged transaction supported by a supermajority of its bondholders, who will make a $350 million equity investment in the company. Spirit said it expects to emerge from a “streamlined” reorganization process by April 2025.
  • Spirit’s filing lists Wilmington Trust as the largest creditor, with $500 million in convertible unsecured notes due in 2026. The U.S….

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