Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
A U.S. bankruptcy judge approved Spirit Airlines' restructuring plan to emerge from Chapter 11 bankruptcy as a private company.
Spirit Airlines Turns Down Frontier's Offer, Faces Uncertain Future Amid Bankruptcy
Spirit and Frontier started talks to merge their operations, but the process hit a snag when JetBlue Airways swooped in with a bolder $4 billion offer in March 2024.
Court Approves $795 Million Debt Deal for Spirit Airlines
Frontier’s latest offer would have allowed Spirit Airlines to retain 19 percent of the company’s equity. But Spirit said the offer carried additional financial costs, including costs associated with a longer stay in bankruptcy, and more risks, including the risk that U.S. regulators would reject the merger of the two airlines.
Spirit Airlines' surprising bankruptcy decision turns heads
While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time, got even smaller.
Spirit Airlines Receives Court Confirmation of Reorganization Plan
Spirit Airlines, Inc. ("Spirit" or the "Company") today announced the Company's Plan of Reorganization ("the Plan") was confirmed by the United States Bankruptcy Court for the Southern District of New York (the "Court").
Spirit Airlines recovery plan approved by court; bankruptcy expected to end ‘in the coming weeks’
Financially troubled Spirit Airlines says its reorganization plan has been approved by a federal bankruptcy court in New York, opening the way for its exit from Chapter 11 “in the coming
Spirit Airlines' bankruptcy plan approved, gives major lenders control
Spirit Airlines’ (OTC:SAVEQ) plan to exit bankruptcy through a debt restructuring deal has been approved by a bankruptcy court that will transfer ownership of the beleaguered carrier to its majority lenders.
Frontier makes another takeover bid for Spirit Airlines and it is rejected, again
Spirit Airlines is rebuffing the latest takeover offer from Frontier Group, with the discount airline saying that it prefers ...
Spirit Airlines rejects another Frontier Airlines acquisition worth $2.16B
Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the ...
Spirit Airlines rejects merger with Frontier – again
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ...
Bankrupt Spirit Airlines seeks recapitalization after rejecting Frontier's bid
After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition ...
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Frontier Still Bullish On Mergers In U.S. Market Despite Spirit Rejections
Despite being rebuffed by Spirit Airlines roughly three times in acquisition bids, its one-time suitor and still ...
Spirit Airlines Rejects Frontier Group's Revised Acquisition Offer
(Reuters) -Spirit Airlines on Tuesday rejected Frontier Group's revised acquisition offer, worth about $2.16 billion, saying ...
Spirit another rejects buyout bid from Frontier Airlines
The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit ...
Why the model for low-cost airlines may be 'evaporating'
Frontier's latest attempt to buy Spirit underscores the "evaporating" state of the low-cost airline business model.