Spirit Airlines seeks approval for proposed bidding process
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Background ✨
Spirit’s Chapter 11 wind-down planning included seeking court approval to reject its remaining aircraft leases by 08-May-2026, citing high carrying costs and the need for special procedures to maximise value in an orderly process.1 Spirit also pursued broader fleet and asset monetisation under its reorganisation plan, including targeting a reduction to 76 aircraft by mid Aug-2026 and forecasting USD220 million to USD360 million of asset-sale proceeds in 2Q2026-4Q2026.2