To most parts of the world Chapter 11 of the United States bankruptcy code is a strange concept, it allows a company to reorganise its debts, whilst continuing to trade and renegotiate new terms with those debtors.
The news this week of Spirit Airlines filing for Chapter 11 and its subsequent recovery strategy seems to have been well planned and discussed. Although there are some broader lessons to be learnt from this week’s events, the beginning of what happened goes back all the way to…
Spirit Airlines’ Constant Craving for Growth, What Went Wrong?
