#Chapter 11
Spirit Airlines Slashes International Routes As Network Shrinks Further
Spirit’s international map is shrinking fast with more cuts and fewer frequencies.
Spirit Airlines Exits Bankruptcy With $795 Million Debt Reduction & Fresh Funding
Spirit Airlines will have six new Board members, with only Ted Christie, the President and CEO, remaining on the Board.
"Egregious Actions": Spirit Airlines Shareholder Calls Out CEO Who Got $3.8M Bonus Ahead Of Bankruptcy
The disgruntled shareholder accused that Spirit Airlines' bankruptcy was an intentional move for the benefit of its exec...
Spirit Airlines Reports $308 Million Q3 Losses & Details Chapter 11 Recovery Plan
Spirit Airlines disclosed that it had over $590 million of cash as of September 30.
Spirit Airlines' Plans To Adapt To New Premium Leisure Preference Post-COVID
Spirit Airlines will aim to become an airline of choice for more upmarket segments of passengers.
Spirit Airlines Files For Chapter 11 Bankruptcy Protection
Spirit Airlines assured its passengers that its operations will continue during the process.
Spirit Airlines Postpones Q3 Report As It Negotiates Debt & Considers Alternatives
Spirit Airlines argued that all of its efforts have been diverted to ensuring it had enough liquidity to survive in the ...
GOL & Abra Group Reach Agreement To Clear $2.55 Billion In Debt For Chapter 11 Exit
GOL said that it plans to exit Chapter 11 bankruptcy proceedings in late April 2025.
SAS Welcomes New Era Amid Bankruptcy Exit
SAS has finally exited Chapter 11 bankruptcy proceedings and the subsequent company reorganization in Sweden.
Examined: Why Airlines Choose Chapter 11 Bankruptcy Proceedings When Restructuring
Restructuring is a normal activity in most businesses who are facing financial woes. But why do some airlines choose cha...
Brazil's GOL Plans $1.5 Billion Capital Injection Strategy To Exit Bankruptcy
The airline entered Chapter 11 bankruptcy earlier this year and has a five-year restructuring plan.
Why Do International Airlines File For Chapter 11 Bankruptcy In The US?
Even though Chapter 11 refers to US law, numerous international airlines have filed for bankruptcy under this code in re...
US Bankruptcy Court Approves $1 Billion Loan For GOL Amidst Chapter 11 Process
The Brazilian airline entered Chapter 11 last month.
GOL Gets Approval For $950 Million Bankruptcy Loan
While the first tranch is set to be paid, the US judge wants more evidence before approving further funding.
LATAM Airlines Begins The Year With $122 Million Net Profit
The company carried 16.95 million passengers in the quarter, an 18.1% increase versus last year.
Virgin Orbit Bankruptcy: What Went Wrong
The company's unsuccessful launch came just as access to credit dried up, leaving Virgin Orbit in limbo and looking for ...
US Bankruptcy Court Officially Closes Aeromexico's Chapter 11 Proceedings
Aeromexico formally emerged from a bankruptcy case caused by the COVID-19 pandemic.
LATAM Leaves Chapter 11 US Bankruptcy Protection After 29 Months
The three Latin American airlines that filed for Chapter 11 in 2020 have emerged successfully.
November 3: LATAM Officially Sets A Date To Leave Chapter 11
The South American airline will emerge with US$10.3 billion in equity.
LATAM Files Plan To Exit Bankruptcy In November
LATAM may exit Chapter 11 just five months after its plan was approved.