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Spirit Airlines to Exit Bankruptcy Under Go-Private Deal

Spirit Airlines Inc. Received court approval to exit bankruptcy through a lender-backed restructuring deal, as stated by Judge Sean Lane.
The restructuring plan, which reduces $795 million in debt, was confirmed by the U.S. Bankruptcy Court for the Southern District of New York.
Spirit aims to enhance passenger experiences and will continue normal operations despite the bankruptcy process.
Spirit plans to enhance customer experience by introducing new premium options and has stated that its leadership team is focused on reducing costs and improving services.

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CNN

Spirit Airlines gets court approval for $795 million debt deal

A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ SAVEQ.PK debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.

24 hours ago·Atlanta, United States

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retailwire.com

Spirit Airlines Gets Court Approval To Exit Bankruptcy in $795 Million Debt Deal - RetailWire

Spirit Airlines is getting ready to exit bankruptcy as a private company.

1 day ago

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The Laconia Daily Sun

+35 Reposted by 35 other sources

Spirit Airlines Receives Court Confirmation of Reorganization Plan

Broad Support from Supermajority of Spirit's Loyalty and Convertible Bondholders

2 days ago

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Live Mint

Spirit Airlines to Exit Bankruptcy Under Go-Private Deal

Spirit Airlines Inc. won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings Inc.

2 days ago·New Delhi, India

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Seeking Alpha

Spirit Airlines' bankruptcy plan approved, gives major lenders control (SAVEQ)

Spirit Airlines exits bankruptcy with a debt reduction plan, transferring ownership to majority lenders while eliminating shareholder compensation.

2 days ago·United States

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Bloomberg

Spirit Airlines Cleared to Exit Bankruptcy in Take-Private Deal

Spirit Airlines Inc. won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings Inc.

2 days ago·United States

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