Spirit Airlines Emerges From Chapter 11 Bankruptcy ‘More Focused’

Spirit Airlines has emerged from its Chapter 11 restructuring, having reduced its debt by approximately $795 million. Achieving its reduction through a debt-to-equity swap, the ULCC also received a $350 million equity investment from existing investors to support future initiatives. Spirit emerges with a reconstituted Board of Directors, while CEO Ted Christie and its existing […]

Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier

Spirit Airlines, Inc. («Spirit» or the «Company») (NYSE: SAVE) announced that it has entered into a restructuring support agreement (the «RSA») supported by a supermajority of Spirit’s loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to reduce Spirit’s debt, provide increased financial flexibility, position Spirit for […]

GOL Announces Next Important Milestone in Financial Restructuring

GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4), a leading domestic airline in Brazil, today announced the next important milestone in its financial restructuring process initiated in the United States Bankruptcy Court, disclosing its new 5-Year Financial Plan (the «GOL 5-Year Plan» or the «5-Year Plan») that is expected to serve as the foundation for the […]

GOL Announces Important Milestone in Legal Financial Restructuring

GOL Linhas Aéreas Inteligentes S.A. («GOL» or «Company») (B3: GOLL4), a leading domestic airline in Brazil, today announced that it has received key approvals from the United States Bankruptcy Court for the Southern District of New York (the «U.S. Court») in the Company’s legal financial restructuring initiated on January 25, 2024. The approvals granted by […]

GOL anuncia marco importante em sua reestruturação financeira legal

A GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) recebeu hoje a aprovação do Tribunal de Falências do Distrito Sul de Nova York dos Estados Unidos para a reestruturação financeira legal da companhia, iniciada em 25 de janeiro de 2024. As aprovações concedidas pelo Tribunal dos EUA na audiência «First Day hearing» garantem que a GOL […]

GOL inicia reestruturação financeira na Justiça americana

A GOL Linhas Aéreas Inteligentes S.A. («GOL» ou «Companhia») (B3: GOLL4 e NYSE: GOL), anuncia hoje que a GOL e suas subsidiárias entraram voluntariamente com pedido de Chapter 11 no Tribunal de Falências dos Estados Unidos para o Distrito Sul de Nova York (Tribunal dos EUA). O Chapter 11 é um processo legal dos Estados […]

GOL inicia reestructuración financiera en la justicia americana

GOL Linhas Aéreas Inteligentes S.A. («GOL» o «Companía») (NYSE: GOL y B3: GOLL4), anunció hoy que GOL y sus subsidiarias, entrarán voluntariamente con la solicitud de Chapter 11 en el Tribunal de Quiebras de los Estados Unidos para el Distrito Sur de Nueva York (Tribunal de Estados Unidos). El Chapter 11 es un proceso legal […]