A Spirit Airlines plane takes off at Los Angeles International Airport on June 1, 2023. Mario Tama/Getty ImagesAfter teetering on bankruptcy filings dating back to November 2024, Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines LLC, has announced it completed another significant milestone for its restructuring plans.In a Feb. 24 statement, the financially embattled airline said it reached an accord in principle on the key terms of a restructuring support agreement with its existing debtor-in-possession lenders and secured noteholders. This agreement will give Spirit the financial support it needs to finalize its restructuring and complete the remaining changes needed to optimize its fleet, network, and cost structure.
21.3
C
Ottawa
Friday, June 5, 2026
The Alliance Press is the world leader in online chained news and information and seeks to inform, engage and empower the world. We expose the information that wasn't known before or current events broadcast over the radio, television, online or in print media. Our content is now available through your mobile phone. No matter where your on-the-go lifestyle takes you, TAP brings the news directly to you.
More from CN
Contact
© The Alliance Media Group design by CODEUS