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Spirit Aviation Holdings, Inc. ( (FLYY) ) has provided an announcement.
On August 29, 2025, Spirit Aviation Holdings, Inc. filed for Chapter 11 bankruptcy to facilitate a comprehensive restructuring aimed at ensuring long-term success. This move allows Spirit to continue operations while addressing financial challenges, including disputes over aircraft leases with AerCap Holdings. The restructuring plan includes redesigning its network, optimizing fleet size, and addressing cost structures to better compete in the evolving market. The company also announced retention awards for its executive officers to maintain leadership stability during this period. The Chapter 11 filing may lead to the delisting of Spirit’s stock from the NYSE American Stock Exchange, with shares expected to trade over-the-counter.
More about Spirit Aviation Holdings, Inc.
Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, is a prominent player in the aviation industry, known for offering affordable travel options. The company operates an all-Airbus fleet, serving destinations across the United States, Latin America, and the Caribbean, emphasizing value and efficiency.
Average Trading Volume: 584,562
Current Market Cap: $32.35M
See more insights into FLYY stock on TipRanks’ Stock Analysis page.