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Spirit Airlines has emerged from bankruptcy protection. The budget airline said this week that its parent, Spirit Aviation Holdings, exited Chapter 11 after finalizing debt restructuring.
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The Broward-based airline said its bankruptcy reorganization will not impact passengers or employees.
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The South Florida-based budget airline said bankruptcy is not expected to affect employees and passengers.
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Spirit Airlines officials confirmed to WLRN that Flight 951 from Fort Lauderdale to Port-au-Prince was shot at while landing at Toussaint Louverture International Airport.
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Spirit says it has identified about $80 million of cost-cutting measures set to begin early next year. Those cuts will be driven primarily by a “reduction in workforce,” the airline disclosed in a Thursday regulatory filing.
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Spirit Airlines has been given a two-month extension to refinance about $1 billion of its debt, which was due on Monday. The largest Florida-based airline has been renegotiating $1 billion of its bonds as its stock price plummets.
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Spirit Airlines is rushing to renegotiate a loan it took out during the pandemic. It might not be enough to avoid bankruptcy.
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The Broward-based company struck an aggressive and more optimistic tone Thursday during an investor update.
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A federal judge blocked JetBlue's purchase of Spirit Airlines, triggering worries about the carrier's ability to stay aloft as an independent airline.
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A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
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JetBlue Airways is making another move to try to save its proposed purchase of Spirit Airlines.
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JetBlue was able to drive out rival bidder Frontier Airlines after a bidding war this year. Even with Spirit shareholders accepting the buyout, the deal could face a big challenge from federal antitrust regulators. Spirit, the country's biggest budget airline, is based in Miramar, in Broward.