The United States Bankruptcy Court for the Southern District of New York has confirmed the financial reoganisation plan put forward by Spirit Airlines (NK, Fort Lauderdale International), paving the way for the carrier to exit Chapter 11 proceedings. Judge Sean Lane approved the airline’s proposal during a February 20, 2025, hearing.

Under the plan, the company will cancel its existing equity shares and hand ownership to lenders and bondholders, including Citadel Advisors, Pacific Investment Management Co. and Western…

Source: ch aviation
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