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CNBC • Leslie Josephs

Spirit reaches restructuring deal with secured creditors, aims to exit Chapter 11 by summer

Spirit Airlines and parent Spirit Aviation Holdings reached an agreement in principle with secured creditors on a restructuring support agreement, positioning the carrier to exit Chapter 11 in late spring or early summer. The deal follows Spirit's second Chapter 11 filing within roughly 15 months.

2026-02-24T08:17:30.946033-08:00

ch-aviation

Italian consortium seeks clarification on Etihad’s proposed Alitalia deal

2026-02-24T02:35:46.421570-08:00

Runway Girl

IBA: US low-cost carriers' revenue up as margins compress

2026-02-23T15:15:50.746297-08:00

FlightGlobal

Joint liquidators sell three ex‑GTLK Europe Boeing 777‑300ERs to MTU Amsterdam for engines and spares recovery

2026-02-23T02:12:58.524812-08:00

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Airways Magazine

Five Years Later: Where Did Alitalia’s Fleet Go? Five years after Alitalia's demise, former Alitalia airframes still appear at airports stripped of logos and red accents. This piece traces where those aircraft have gone — who is operating or storing them now — and explains why their livery and branding were removed.

2026-02-24T09:56:03.223121-08:00

Five Years Later: Where Did Alitalia’s Fleet Go?

CNBC

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Spirit reaches restructuring deal with secured creditors, aims to exit Chapter 11 by summer Spirit Airlines and parent Spirit Aviation Holdings reached an agreement in principle with secured creditors on a restructuring support agreement, positioning the carrier to exit Chapter 11 in late spring or early summer. The deal follows Spirit's second Chapter 11 filing within roughly 15 months.

2026-02-24T08:17:30.946033-08:00

Spirit reaches restructuring deal with secured creditors, aims to exit Chapter 11 by summer

ch-aviation

Italian consortium seeks clarification on Etihad’s proposed Alitalia deal An Italian consortium has asked Etihad for clarification on its proposed deal involving Alitalia, requesting more detail on the transaction’s terms, governance and future strategic plans for the carrier. The move underscores domestic scrutiny of foreign investment in Italy’s flag carrier amid ongoing consolidation debates in Europe.

2026-02-24T02:35:46.421570-08:00

Italian consortium seeks clarification on Etihad’s proposed Alitalia deal

Runway Girl

IBA: US low-cost carriers' revenue up as margins compress IBA analysis finds US low-cost carriers growing revenue while operating margins shrink, creating a widening gap between top-line growth and profitability across the sector. The report flags mounting pressure on ULCC economics and raises questions about consolidation and sustainability of current business models.

2026-02-23T15:15:50.746297-08:00

IBA: US low-cost carriers' revenue up as margins compress

ch-aviation

Air Antilles draws takeover bids as carrier unveils survival plan

2026-02-23T06:50:40.822242-08:00

Air Antilles draws takeover bi

FlightGlobal

Joint liquidators sell three ex‑GTLK Europe Boeing 777‑300ERs to MTU Amsterdam for engines and spares recovery Joint liquidators of Russian‑linked lessor GTLK Europe have sold three Boeing 777‑300ERs to MTU’s Amsterdam‑based leasing unit for salvage. The airframes will be parted out for spares and materials while the GE90 engines—described as in "full‑life condition"—will be marketed for new leases.

2026-02-23T02:12:58.524812-08:00

Joint liquidators sell three ex‑GTLK Europe Boeing 777‑300ERs to MTU Amsterdam for engines and spares recovery

ch-aviation

Mozambique sues Ethiopian Airlines over control of national carrier LAM Maputo has filed a lawsuit against Ethiopian Airlines seeking control of Linhas Aéreas de Moçambique (LAM). Reported by ch-aviation, the legal action escalates a dispute over the airline’s governance and could complicate LAM’s planned international relaunch, long‑haul expansion and bilateral aviation ties.

2026-02-22T22:34:08.657442-08:00

Mozambique sues Ethiopian Airlines over control of national carrier LAM

Reuters

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Azul exits U.S. Chapter 11 after cutting about $2.5bn of debt and leases Azul has completed its U.S. Chapter 11 restructuring, cutting about $2.5 billion of debt and lease obligations and exiting bankruptcy. Backed by United and American commitments, the recapitalization stabilizes the carrier’s balance sheet and allows focus on its ~800‑flight daily network and regional cargo growth.

2026-02-20T15:15:26.882729-08:00

Azul exits U.S. Chapter 11 after cutting about $2.5bn of debt and leases

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Aircraft Demand: Airline Distress & Consolidation News

Spirit reaches restructuring deal with secured creditors, aims to exit Chapter 11 by summer

Italian consortium seeks clarification on Etihad’s proposed Alitalia deal

IBA: US low-cost carriers' revenue up as margins compress

Joint liquidators sell three ex‑GTLK Europe Boeing 777‑300ERs to MTU Amsterdam for engines and spares recovery

News Timeline