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Spirit expects to continue operating its business in the normal course throughout this prearranged, streamlined Chapter 11 process."
The airline told Newsweek We expect to complete this process in the first quarter of 2025 and emerge even better positioned to deliver the best value in the sky. Other airlines that are operating successfully today have undertaken a similar process."
In an open letter to customers, Spirit added The chapter 11 process itself will not impact Team Member wages or benefits, which are continuing to be paid and honored for those employed by Spirit,
the airline told Newsweek The most important thing to know is that you can continue to book and fly now and in the future,
the airline's statement reads This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience, providing new enhanced travel options, greater value and increased flexibility,
Spirit CEO Ted Christie said in a statement The Defendant Airlines presented no evidence that Spirit was in such a dire financial situation that it had no hope for the future,
Judge William G. Young of the U.S. District Court for the District of Massachusetts wrote in his decision The shares are expected to be canceled and have no value as part of Spirit's restructuring,
I am pleased we have reached an agreement with a supermajority of both our loyalty and convertible bondholders on a comprehensive recapitalization of the Company, which is a strong vote of confidence in Spirit and our long-term plan,
Spirit CEO and president Ted Christie said in a statement The chatter in the market about Spirit is notable, but we are not distracted,
he told investors during an earnings call Spirit is a small airline. But there are those who love it,
Young wrote in his ruling I would fly Spirit Airlines for you."
A greeting card featuring one of the carrier's yellow planes even states
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