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.

    Related Posts

    Ferrari CEO says carmaker is ‘ready’ with countermeasures as Europe’s automakers brace for tariffs

    Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton’s first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in…

    Former UK PM Cameron on Trump’s approach to securing peace in Ukraine

    British Foreign Secretary David Cameron speaks during a joint press conference with Albanian Prime Minister after a meeting in Tirana, on May 22, 2024. Adnan Beci | Afp | Getty…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Tata Steel share zooms after JP Morgan raises target price; Do you own?

    Hyundai Motor India Share Price Live blog for 13 Mar 2025

    Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation

    Bitcoin Dominance Hits 4-Year High Amid Altcoin Annihilation

    Coforge share price Today Live Updates : Coforge Faces Downward Trend in Today’s Trading

    Nebraska enacts stricter rules for crypto ATMs to curb fraud

    Nebraska enacts stricter rules for crypto ATMs to curb fraud

    Adani Power Share Price Live blog for 13 Mar 2025