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Spirit Airlines Inc. rejected a refreshed acquisition offer from rival budget carrier Frontier Group Holdings Inc., saying it would instead proceed with a planned restructuring in bankruptcy.
Major airlines are offering waivers as a winter storm is forecast to dump snow in the Northeast and Central Appalachians.
A U.S. bankruptcy judge on Thursday approved Spirit Airlines' debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company.
Spirit Airlines has again rejected a takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances. The offer this week, like the last bid,
Florida, Las Vegas and Puerto Rico are the top spring break destinations, offering a mix of attractions, beaches and culture. Spirit's top five spring break destinations are: Orla
Spirit Airlines has cleared its biggest financial hurdle so far, allowing the Broward-based company to continue flying. The U.S. Bankruptcy Court for the Southern District of New York on Feb. 20 approved the carrier’s plan to continue operating as a business.
Spirit Airlines has again rejected a third takeover bid from budget rival and Denver-based Frontier Airlines, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances.
While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time,
Hashim Walters from New Orleans, Louisiana, has officially launched The Latimer Group, an ownership consortium focused on acquiring Spirit Airlines, an iconic brand facing critical financial distress.
Spirit Airlines is backpedaling on its "fee-free" promise, Aviation A to Z reports. The Miramar, Florida-based airline has lowkey reinstated change fees for its lowest-tier "Go" fares, effective February 5,