Spirit Airlines Files for Chapter 11—Second Filing in Less Than a Year

For the second time in less than a year, Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines LLC, announced on Aug. 29 a comprehensive restructuring of the Florida-based air carrier. The company has filed voluntary petitions for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

In a company statement, Spirit noted that the filing will provide the airlines with the time needed to continue its ongoing discussions with financial creditors and others to transform the company into a more financially and operationally sound organization.