Business ❯ Finance ❯ Bankruptcy ❯ Chapter 11

Restructuring Plans

Spirit Seeks Court Approval to Shed 87 Jets as Chapter 11 Overhaul Halves Fleet

The airline is coupling large-scale lease rejections with roughly $475 million in bankruptcy financing and a $150 million AerCap settlement to keep flying and refocus its network.

3 ARTICLES

3mo ago

Spirit to Exit 11 Airports Next Month as It Resets Network in Chapter 11

10 ARTICLES

5mo ago

Red Lobster Revives Crabfest With Seafood Boils and Specialty Cocktails