Spirit Airlines reaches ‘major milestone’ in Chapter 11 exit talks
Spirit Airline has passed a ‘major milestone’ in its attempts to restructure and emerge from Chapter 11 proceedings. The holdings company behind the embattled LCC has reached an agreement in principle with its Debtor‑in‑Possession (DIP) lenders and secured noteholders on key terms for a restructuring support agreement. The agreement will give Spirit the financial backing […]