Spirit Airlines Takes Action To Build A Stronger Foundation And Future For America’s Leading Value Airline
Source: Spirit Airlines Commences voluntary restructuring process to implement financial and operational transformation to redesign network, optimize fleet and realign strategy with evolving marketplace Flights, ticket sales, reservations and operations continue Spirit Aviation Holdings, Inc. , parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), today announced that it is executing a comprehensive restructuring of the airline to position the business for long-term success. To facilitate the process, the Company has filed voluntary petitions for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York (the "Court"). Spirit intends to use the Chapter 11 process to implement the broad changes necessary to transition the Company for a sustainable future and position it to deliver the [...]