Spirit Airlines completes financial restructuring, exits Chapter 11

A Spirit Airlines airplane is refueled at Newark Liberty International Airport on Feb. 20, 2025, in Newark, New Jersey.

Gary Hershorn | Corbis News | Getty Images

Spirit Airlines parent Spirit Aviation Holdings said on Wednesday that the low-cost carrier has successfully completed its financial restructuring.

The company said it has exited chapter 11 by finalizing a debt restructuring transaction approved by a U.S. bankruptcy judge in February.

The restructuring allows the budget airline to convert $795 million in debt to equity. Spirit also received a $350 million equity investment from existing investors, the company said.

  • Aniket Pujari

    Aniket Pujari

    Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

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