Chapter 11

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.

Spirit Airlines has asked a New York bankruptcy court to approve a plan to auction 20 Airbus jets in a court-supervised process that would set a floor price at $533.5 million. The airline aims to reduce costs and strengthen its financial position as it works through its restructuring under Chapter 11 protection.