Spirit Airlines Issued Letter to all Guests on Entering Chapter 11 Restructuring Process
Source: Spirit Aviation Spirit AviationHoldings, Inc. (NYSE American: FLYY), parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), has issued the following open letter to all Spirit Guests: Spirit took a proactive step to build a stronger foundation and future for our company. We have voluntarily entered the Chapter 11 restructuring process to ensure the long-term success of our airline. Chapter 11 is a court-supervised legal process that allows companies to restructure their businesses while continuing operations. Virtually every major U.S. airline has used these tools to improve their businesses and position them for long-term success. The most important thing to know is that Spirit continues to operate and offer high-value travel options. This means you can continue to [...]