5 aviation articles tagged “Chapter 11”
Spirit Airlines secured a deal with lenders to exit Chapter 11 bankruptcy by early summer, planning to emerge as a leaner carrier with sharply reduced debt.
Spirit Airlines has reached a creditor agreement to exit its second bankruptcy following hundreds of flight cancellations in February due to staffing shortages.
Brazilian airline Azul has emerged from Chapter 11 bankruptcy, reducing its liabilities by $3 billion with new support from American and United Airlines.
Brazilian airline Azul has formally exited Chapter 11 bankruptcy after a restructuring that cut $2.5 billion in debt and raised significant new capital.
Ultra-low-cost carrier Spirit Airlines declined comment on a CNBC report suggesting acquisition talks with investment firm Castlelake amid its Chapter 11 reorganization.
