US carrier Spirit Airlines has filed for a “pre-arranged” Chapter 11 bankruptcy with the US Securities and Exchange Commission and flights will continue to operate “as normal”.
The Florida-based airline said the move was part of a “proactive step” that also includes a restructuring agreement, which is “supported by a supermajority” of its bondholders.
In a letter to customers, Spirit said they could continue to use all tickets, credits and loyalty points “as normal”, as well as benefiting from the Free Spirit loyalty programme, Saver$ Club perks and credit card terms.
“The most important thing to know is that you can continue to book and fly now, and in the future,” added the carrier in the letter.
Spirit said the financial…
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