Spirit Airlines: Bankruptcy restructuring hearing postponed due to ongoing rescue plan negotiations

格隆汇2026/04/30 02:17

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Glonghui, April 30 — Spirit Airlines stated that there will be no bankruptcy court hearing on Thursday, as the company is continuing negotiations with lenders on the terms of a potential $500 million U.S. government bailout plan. According to a lawyer for Spirit Airlines creditors last week, they have reviewed the list of terms proposed by the government. Sources revealed that the proposal includes $500 million in financing with a condition that the government will receive warrants equal to 90% ownership of Spirit Airlines. This financing is expected to help Spirit Airlines emerge from its second bankruptcy restructuring since 2025.

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