Spirit Airlines (NK, Fort Lauderdale International) emerged from Chapter 11 restructuring on March 12, 2025, having equitised around USD795 million of its pre-existing debt and secured USD350 million in new equity from existing investors. The ultra-low-cost-carrier completed the process in four months, in line with its expected timeline.

“We’re pleased to complete our streamlined restructuring and emerge in a stronger financial position to continue our transformation and investments in the guest experience….

Source: ch aviation
Read more: Spirit Airlines exits Chapter 11 with new equity