Spirit Airlines, Inc., et al.

Track this case

Case Number:

1:24-bk-11988

Court:

New York Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. January 29, 2025

    Spirit Spurns Frontier Offer In Favor Of Ch. 11 Debt Swap

    Bankrupt air carrier Spirit Airlines Inc. said in public securities filings Wednesday that it has rejected an offer from competitor Frontier Airlines to merge and will instead continue pursuit of its prearranged restructuring plan set for confirmation in mid-February because the terms of the Frontier proposal would leave creditors worse off.

  2. January 24, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The daughter of bankrupt Chinese exile Miles Guo is fighting a contempt bid brought by the Chapter 11 trustee of her father's estate. Brazilian airline Gol Linhas and Spirit Airlines are seeking to implement third-party releases in their respective Chapter 11 plans. And bankrupt financial technology company Synapse appears to be the subject of a grand jury investigation.

  3. December 17, 2024

    Purdue, FTX Top Biggest Bankruptcy Cases, Trends Of 2024

    The U.S. Supreme Court's decision to throw out nonconsensual third-party releases in opioid maker Purdue Pharma's Chapter 11 reverberated through the bankruptcy domain in unexpected ways this year, but it was just one among many major events to shape bankruptcy in 2024.

  4. December 17, 2024

    Spirit Airlines Gets OK For Jan. Hearing On Ch. 11 Plan

    A New York bankruptcy judge Tuesday set the hearing on Spirit Airlines' Chapter 11 plan for the end of January, overriding arguments by the U.S. Trustee Office that the case doesn't need to move this fast.

  5. December 16, 2024

    Judge Kills Infowars Sale, BigLaw Firms Duck Suit

    A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed. 

  6. December 13, 2024

    US Trustee Wants Spirit To Explain Counsel Bid For Ch. 11

    The U.S. Trustee's Office is opposing Spirit Airlines' bid to hire Davis Polk & Wardwell LLP as primary counsel in its Chapter 11 and Morris Nichols Arsht & Tunnell LLP as its conflicts counsel, telling a New York bankruptcy court that the carrier needs to specify what potential conflicts of interest exist.

  7. December 11, 2024

    US Trustee Wants To Pump Brakes On Spirit Airlines Ch. 11

    The Office of the U.S. Trustee has objected to the pace of Spirit Airlines' Chapter 11 case, saying the ultra-low-cost carrier's bankruptcy is too large and complex for the court to allow a rush to a combined confirmation and disclosure statement hearing in February.

  8. December 03, 2024

    Catching Up With New Bankruptcy Case Action

    In a more muted holiday week for bankruptcy filings, the courts still saw several cases come in, including the U.S. arm for iconic vodka brand Stoli and the Cayman Island subsidiaries of struggling budget airline Spirit.

  9. December 02, 2024

    Deal Struck In Discount Chain Plan, No Sanctions In J&J Case

    Holders of notes issued by 99 Cents Only will take a $297 million haircut, Beasley Allen dodged discovery sanctions in Johnson & Johnson's latest spinoff bankruptcy and a Mexican industrial equipment leasing group sought U.S. recognition for its reorganization. This is the week in bankruptcy.

  10. November 26, 2024

    Spirit Airlines Gets Nod On Initial Jet Sales In $519M Deal

    A New York bankruptcy judge on Tuesday blessed the sale of five Spirit Airlines planes to aerospace company GA Telesis as part of a larger $518.9 million deal for 23 of Spirit's Airbus jets.