Bankruptcy

Spirit Airways has secured up to $100 million in funding from lenders, who have recognized the airline's significant progress in recent months. CEO Dave Davis expressed gratitude for the support, stating that Spirit continues to provide high-value travel options and looks forward to welcoming guests aboard.

Azul S.A. has successfully completed a court-supervised restructuring that reduced its debt and lease obligations by approximately $2.5 billion. The airline secured $850 million in new equity investment, including $100 million from United Airlines, and lowered annual interest expense by more than half.