American Airlines seeks full access to Spirit Aviation's second bankruptcy

American Airlines has filed a notice of appearance in the ongoing bankruptcy proceedings of Spirit Aviation, formally requesting to receive all related notices and papers. This move signals American's interest in the developments of Spirit, which initiated its second bankruptcy filing in August amidst severe financial challenges, including dwindling cash reserves and accumulating losses.

Spirit Aviation's financial distress led the carrier to explore all potential strategic alternatives, including a possible merger or sale of the company. The airline confirmed in an October SEC filing that it is actively engaged in discussions with several interested counterparties regarding these opportunities, aiming for a value-maximizing outcome for the company.

The December 5 filing by American Airlines in the Southern District of New York specifically requested access to a comprehensive range of documents. These include critical operational reports, proposed plans for reorganization, and detailed liquidation statements, indicating American's intent to closely monitor Spirit's financial restructuring and future trajectory.