Spirit Airlines has emerged from Chapter 11 bankruptcy, completing a financial restructuring that significantly reduces its debt and strengthens its financial position, the company said in a statement on March 12.
The airline, known for its ultra-low-cost model, announced that it has equitized approximately $795 million in funded debt and secured a $350 million equity investment from existing investors. The move is expected to support its long-term stability and fund enhancements to its travel offerings.
