Ultra-low-cost carrier Spirit Airlines has announced that it expects to emerge from Chapter 11 reorganization bankruptcy “within weeks” after a US court approved its recovery plan.  

On February 20, 2025, the Bankruptcy Court for the Southern District of New York said that Spirit’s reorganization plan had been “confirmed” in its entirety and that the “burden of proving the satisfaction of the requirements” had been met.  

Spirit’s President and CEO, Ted Christie, said: “Today’s approval is a major milestone as we progress toward the successful conclusion of our in-court process. We will emerge as a stronger airline with the financial flexibility to continue providing Guests with enhanced travel experiences and greater value. Throughout this process, we’ve had virtually unanimous support from our bondholders, who recognize Spirit’s value and potential.” 

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