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Spirit Airlines Receives Court Approval for First Day Motions

Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, has announced a significant milestone in its restructuring journey. On September 3, 2025, the U.S. Bankruptcy Court for the Southern District of New York approved the company's first day motions under its voluntary Chapter 11 restructuring. This approval is crucial as it allows Spirit Airlines to maintain its operations seamlessly, a critical factor for both the company and its customers in this transitional phase.

With this court endorsement, Spirit can continue honoring existing tickets, reservations, and loyalty points without interruption. Furthermore, the airline is committed to paying its employees' wages and benefits, ensuring that its workforce is supported during this time. The company also plans to settle payments with key vendors for necessary goods and services that were provided before the filing date and will ensure that new vendors are compensated promptly for services rendered going forward.

Dave Davis, President and CEO of Spirit Airlines, expressed optimism regarding this approval. He noted, "We are pleased to have reached this first milestone in our restructuring process, which will support normal operations as we take decisive action to ensure that Spirit continues delivering the best value in the sky for years to come." This sentiment reflects the company’s focus on enhancing the travel experience for its customers while navigating through the complexities of financial restructuring.

Spirit Airlines has sufficient liquidity to fund its operations, thanks to proactive discussions with secured bondholders and revolving lenders. The company is not only focused on today's operations but is also exploring potential financing opportunities that may be required in the future. This strategic approach indicates a commitment to sustainable growth and long-term success.

As part of the restructuring, Spirit is undergoing a comprehensive overhaul aimed at positioning the airline for future stability and profitability. One major goal is to significantly reduce its fleet and maintenance commitments, thus allowing for a more efficient operational model that can better adapt to the changing airline industry dynamics. Davis added that with the court's approvals in place, the company is excited to implement the changes necessary for a robust operational framework.

For stakeholders wanting to keep abreast of the developments, Spirit Airlines has established a dedicated restructuring website. This platform provides detailed insights about the ongoing process, allowing the public and interested parties to access court filings and essential information that outlines the specifics of the restructuring efforts.

In addition to its airline operations, Spirit Airlines has secured a team of expert advisors to navigate the intricacies of the restructuring process. This group includes renowned law firms and consulting experts specializing in restructuring and fleet management, who will help ensure that the transitions are as smooth and efficient as possible.

About Spirit Airlines: Spirit Airlines is committed to offering affordable travel options, making it possible for more people to explore various destinations across the U.S., Latin America, and the Caribbean. The airline operates an all-Airbus Fit Fleet®, which is recognized for its fuel efficiency and operational reliability, marking it as one of the youngest fleets in the American skies.

Spirit Airlines is focused not only on overcoming current challenges but also on building a stronger, more resilient foundation for the future, striving to maintain its commitment to providing the best value for air travel.

For further details regarding Spirit Airlines and its restructuring, visit Spirit Restructuring or access court document through their dedicated portal.