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Aviation Source • Len Varley

Spirit files RSA to exit Chapter 11 by early summer 2026; cuts debt to $2B, trims fleet to 76–80 aircraft

Spirit Airlines filed a reorganization support agreement and Chapter 11 exit plan aiming to emerge by early summer 2026, cutting secured debt to roughly $2 billion and targeting a downsized fleet of 76–80 A320-family aircraft. The carrier said results significantly beat analyst forecasts amid Iran-linked fuel disruptions.

2026-03-15T13:57:30.553083-07:00

CNBC

Spirit to recall furloughed pilots as attrition to rivals strains recovery plans

2026-03-10T05:13:37.862463-07:00

CNBC

Spirit strikes deal with secured creditors, plans Chapter 11 exit in late spring/early summer

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

Cranky Flier

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

2026-02-27T11:13:53.499404-08:00

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Aviation Source

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Spirit files RSA to exit Chapter 11 by early summer 2026; cuts debt to $2B, trims fleet to 76–80 aircraft Spirit Airlines filed a reorganization support agreement and Chapter 11 exit plan aiming to emerge by early summer 2026, cutting secured debt to roughly $2 billion and targeting a downsized fleet of 76–80 A320-family aircraft. The carrier said results significantly beat analyst forecasts amid Iran-linked fuel disruptions.

2026-03-15T13:57:30.553083-07:00

Spirit files RSA to exit Chapter 11 by early summer 2026; cuts debt to $2B, trims fleet to 76–80 aircraft

CNBC

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Spirit to recall furloughed pilots as attrition to rivals strains recovery plans Spirit Airlines will recall furloughed pilots after an exodus to rival carriers depleted its cockpit ranks, reversing earlier cost cuts as it pushes to stabilise operations while seeking to exit Chapter 11. The move follows a prior recall of 500 flight attendants and ongoing restructuring actions.

2026-03-10T05:13:37.862463-07:00

Spirit to recall furloughed pilots as attrition to rivals strains recovery plans

Cranky Flier

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Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone Spirit Airlines said it has completed another significant milestone in its Chapter 11 restructuring, bringing the ultra‑low‑cost carrier closer to exiting bankruptcy again. The announcement marks tangible progress in a process that will shape the airline’s fleet, creditor recoveries and near‑term operational stability.

2026-02-27T11:13:53.499404-08:00

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

CNBC

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Spirit strikes deal with secured creditors, plans Chapter 11 exit in late spring/early summer Spirit Aviation Holdings has struck an agreement in principle with secured creditors that would allow Spirit Airlines to exit Chapter 11 in late spring or early summer. The deal follows the carrier’s second Chapter 11 filing in roughly 15 months and sets the framework for its restructuring.

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

Spirit strikes deal with secured creditors, plans Chapter 11 exit in late spring/early summer

Air Data News

Spirit to auction 20 A320-family jets in Chapter 11 asset sale Spirit Airlines is selling 20 Airbus A320‑family aircraft via a court‑supervised auction as part of its Chapter 11 restructuring. The sale, run under bankruptcy court oversight, is another tranche of asset disposals the airline is pursuing amid its reorganization.

2026-02-14T06:56:18.774720-08:00

Spirit to auction 20 A320-family jets in Chapter 11 asset sale

Reuters

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United buys Spirit's final two Chicago O'Hare gates for $30.2m, escalates fight with American United Airlines agreed to purchase Spirit Airlines' remaining two preferential‑use gates at Chicago O'Hare (G12 and G14) for $30.2 million, according to filings. The move deepens United's expansion at ORD and increases pressure on American Airlines' position at the hub.

2026-02-04T08:57:07.710847-08:00

United buys Spirit's final two Chicago O'Hare gates for $30.2m, escalates fight with American

CNBC

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Castlelake in talks to acquire or provide asset-based financing to Spirit Airlines Investment firm Castlelake is in talks to acquire or provide asset-based financing to Spirit Airlines as the ULCC seeks to exit Chapter 11; the move follows a Frontier bid judged unviable and arrives amid ongoing lease disputes, gate sales and mounting liquidity pressure.

2026-01-22T05:38:37.531960-08:00

Castlelake in talks to acquire or provide asset-based financing to Spirit Airlines

Paddle Your Own Kanoo

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Spirit pilots urge Citadel to keep financing as liquidation risk grows; carrier asks court to pause investor securities suit Spirit's pilots have urged Citadel to maintain debtor-in-possession financing as the carrier faces growing liquidation risk in its second Chapter 11, while Spirit asked a federal court to stay a proposed securities class action against top executives, saying the suit distracts management during restructuring.

2026-01-13T14:44:24.855406-08:00

Spirit pilots urge Citadel to keep financing as liquidation risk grows; carrier asks court to pause investor securities suit

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Spirit Airlines News

Spirit files RSA to exit Chapter 11 by early summer 2026; cuts debt to $2B, trims fleet to 76–80 aircraft

Spirit to recall furloughed pilots as attrition to rivals strains recovery plans

Spirit strikes deal with secured creditors, plans Chapter 11 exit in late spring/early summer

Spirit Nears Bankruptcy Exit (Again) as Restructuring Reaches Milestone

News Timeline