Spirit Airlines Files For Bankruptcy, Aims To Exit Chapter 11 In Early 2025
Years of losses and two failed mergers have caused the ultra-low-cost carrier’s stock price to tumble 92% in the past year. But Spirit says it will bounce back.
Spirit Airlines files for Chapter 11 bankruptcy
While the word "bankruptcy" brings to mind images of shuttered gates and liquidation (and that is indeed what happened to a number of low-cost airlines this year), filing for Chapter 11 protection is actually a way to keep the company going and reorganize finances amid rising debt.
Spirit Airlines files for Chapter 11 bankruptcy protection
Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday.
Sprit Airlines files for Chapter 11 bankruptcy protection
Spirit Airlines filed on Monday for Chapter 11 bankruptcy protection, months after a federal judge blocked the budget airline's proposed merger with JetBlue.
Major airline gets ready to file Chapter 11 bankruptcy
Distressed low-budget carrier Spirit Airlines ( SAVE) is planning to file for Chapter 11 bankruptcy protection within weeks after a merger deal with rival Frontier Airlines collapsed and it struggles with massive debt coming due in 2025 and 2026, people familiar with the matter told Bloomberg.
CareMax Files For Chapter 11 Bankruptcy Protection
CareMax Inc. (CMAX; CMAXW) said that it has initiated prearranged voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for
CareMax Files for Bankruptcy Protection
CareMax went public through a reverse merger with a blank-check company backed by private-equity firm Deerfield Management under a December 2020 agreement that estimated the company's post-merger market value at around $800 million.
CareMax Becomes Latest Health System to File for Bankruptcy
Medical services provider CareMax files for Chapter 11 restructuring
CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, ...
Spirit Airlines enters Chapter 11 proceedings, restructuring support agreement
Spirit Airlines (SAVE) announced that it has entered into a restructuring support agreement, or RSA, supported by a supermajority of Spirit’s ...
Aviation Week6m
Spirit Airlines To Operate Through Chapter 11 Restructuring
Spirit Airlines To Operate Through Chapter 11 Restructuring is published in Aviation Daily, an Aviation Week Intelligence ...
VI Consortium4h
Spirit Airlines Files for Chapter 11 Bankruptcy Amid Financial Struggles and Increased Competition
Spirit Airlines, Inc., a prominent low-cost carrier with multiple weekly flights to the U.S. Virgin Islands, has officially ...
Skift3h
Spirit Airlines Enters Chapter 11 Bankruptcy
The bankruptcy filing on Monday comes as Spirit Airlines had recorded increasingly steep losses post-pandemic.
Spirit Airline Files For Chapter 11 Bankruptcy Protection
The last major US airline to go through Chapter 11 restructuring was American Airlines, which filed for bankruptcy protection ...
Business Insider5h
Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops
(RTTNews) - Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of ...
Houston online car dealer Vroom files for Ch. 11 bankruptcy, plans to restructure debt
A Houston-based online car dealer filed for bankruptcy to restructure its debt — months after the company shuttered some of ...