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 […]

Spirit Airlines Announces CFO Transition

Spirit Airlines (NYSE: SAVE) today announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will […]

Boeing to Acquire Spirit AeroSystems

Boeing [NYSE: BA] today announced it has entered into a definitive agreement to acquire Spirit AeroSystems [NYSE: SPR]. The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit’s last reported net debt. Each share of Spirit common […]

Spirit Airlines Announces CFO Transition

Spirit Airlines (NYSE: SAVE) announced that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024. McMenamy succeeds Scott Haralson, Executive Vice President and Chief Financial Officer, who is departing to become CFO of a larger, publicly traded company outside of the airline industry. Haralson will continue […]

JetBlue Announces Termination of Merger Agreement with Spirit

JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement. Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as required closing conditions, […]

Spirit Airlines ofrece el primer Self-Bag Drop en Detroit

Spirit Airlines ahora ofrece a los Huéspedes de Motor City una opción rápida de autoservicio para realizar el check-in rápidamente. La aerolínea ha presentado su galardonado sistema de entrega automática de equipaje con comparación de fotografías biométricas en el Aeropuerto Metropolitano del Condado de Wayne de Detroit (DTW). Spirit lidera el camino como la primera […]

Spirit Airlines Begins Service From San Jose Mineta Airport

ULCC Spirit Airlines added San Jose Mineta International Airport (SJC) to its network, launching three routes from the California airport. The carrier on June 7 commenced flights from SJC to Dallas-Fort Worth International Airport (DFW), Las Vegas Reid International Airport (LAS) and San Diego International Airport (SAN). The SJC-LAS route will be operated 2X-daily, while […]

JetBlue cede a Frontier las acciones de Spirit Airlines

JetBlue Airways y Frontier Group Holdings dieron a conocer que firmaron un acuerdo el cual JetBlue cederá a Frontier todas las acciones de Spirit Airlines, en el aeropuerto LaGuardia de Nueva York en relación con la fusión prevista de JetBlue con Spirit. Estas desinversiones forman parte de los compromisos iniciales de JetBlue que se incluyen […]