Spirit Airlines, Chapter 11 and financial restructuring

Spirit Airlines completes financial restructuring, exits Chapter 11
Spirit Airlines parent Spirit Aviation Holdings said on Wednesday that the low-cost carrier has successfully completed its financial restructuring. The company said it has exited chapter 11 by finalizing a debt restructuring transaction approved by a U.
Spirit Airlines exits Chapter 11 with ‘less debt’ after US court approval
Spirit Airlines has successfully exited Chapter 11 restructuring, having gained “significantly less debt and greater financial flexibility.”
Spirit Air Exits Bankruptcy After Four-Month Restructuring
Spirit Airlines emerged from bankruptcy protection Wednesday with “significantly less debt and greater financial flexibility,” meeting its goal to complete a reorganization by the end of this quarter.
Spirit Airlines exits bankruptcy after restructuring
Budget airline Spirit, which filed for bankruptcy in November after months of difficulties, announced Thursday it had completed a restructuring deal with creditors to trim its debt by nearly $800 million.
Spirit Airlines Targets More Affluent Travelers After Emerging From Bankruptcy
U.S. carrier Spirit Airlines, long known for its no-frills service, said on Wednesday it was pushing ahead with plans to rebrand itself as a premium airline as it emerged from bankruptcy protection after four months.
Spirit Airlines exits bankruptcy with new financial plan and premium rebrand
Spirit Airlines has officially emerged from bankruptcy after completing a financial restructuring that reduced debt and secured $350 million in new investment. The airline now plans a strategic shift,
Spirit Airlines emerges from bankruptcy after eliminating $795M in debt
Spirit Airlines officially emerged from bankruptcy on March 12, completing a financial restructuring that reduced its debt and secured new financing. The airline, headquartered in Dania Beach, filed for Chapter 11 bankruptcy protection in November.
The Business & Financial Times on MSN9d
The debt restructuring: Was it the only way out?
By: Cindy Bempong ODAMEAt the height of Ghana’s economic crisis in 2022, a grim reality loomed—debt had become an unbearable ...
GlobeSt1d
CRE Debt Challenges Escalate, Threatening Banking Sector
Among banks of all sizes, 1,788 have total CRE exposure greater than 300%, up from 1,697 during the third quarter. Nearly ...
MyJoyOnline4d
Gov’t committed to completing debt restructuring programme as soon as possible – Ato Forson
The Finance Minister, Dr Cassiel Ato Forson, has provided an update on the government’s ongoing debt restructuring efforts, ...
The Nation on MSN2d
How New York Can Help End the Global Debt Crisis
Economists Martín Guzmán and Joseph Stiglitz explain how state-level changes can assist the 3.3 billion people living in countries that spend more on debt service than health care.
Telecom company Mitel files for bankruptcy to cut $1 bln in debt
Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to ...
S&P Global Ratings downgrades E.W. Scripps Co. due to debt restructuring
The E.W. Scripps Co. ended 2024 with leverage of about 6.9x and faces limited ability to deleverage over the next few years due to pressures facing linear television. The company has been pursuing ...
Wall Street Journal2d
Sunnova Prepares Restructuring Talks That Could Include Bankruptcy Filing
is preparing to engage with creditors to explore options including a potential bankruptcy filing over its roughly $8.5 billion in debt, according to people familiar with the matter. The company ...
Ghana to implement economic 'shock therapy' to reduce debt
Ghana's new government will make steep spending cuts this year to recover the economy, Finance Minister Cassiel Ato Forson ...