Spirit Airlines Files for Second Bankruptcy in a Year
Carrier files for Chapter 11 bankruptcy as it plans fleet and network cuts to reduce costs.
Carrier files for Chapter 11 bankruptcy as it plans fleet and network cuts to reduce costs.
Carrier cites weak demand, high costs and ongoing uncertainty following bankruptcy exit.
Virginia-based Liberty University has announced a new partnership with Spirit Airlines, becoming the tenth institution to join the ultra-low-cost carrier’s Spirit Wings Pilot Pathway program. Aimed at growing Spirit’s professional pilot pipeline, the program accepts applications from faculty-recommended students pursuing an aviation degree. Applicants who pass Spirit’s interview process receive a conditional offer of employment […]
Spirit Airlines has partnered with Illinois-based Lewis University to launch a pilot pathway program at the university’s College of Aviation, Science and Technology. Another addition to the airline’s Spirit Wings Pilot Pathway program, the agreement allows students pursuing an aviation technology degree to apply for the program once they complete their sophomore year and receive […]
Spirit Airlines has partnered with Boca Raton, Florida-based Lynn University to launch a new pilot pathway program. The first university partnership for the airline, the Spirit Wings Pilot Pathway program will be open to Lynn aeronautics degree students who have completed their sophomore year and gotten a recommendation from a faculty member at the school’s […]
Spirit Airlines and flight training company CAE are launching a program designed to “expand the carrier’s pipeline of highly skilled, professional pilots.” The Spirit Wings Pilot Pathway program is open to graduates of CAE’s Airline Pilot Pathway program who have reached 500 hours total flight time. According to Spirit, individuals selected for the Spirit Wings […]
Spirit Airlines has postponed a special meeting during which its stockholders were to vote on a proposed merger agreement with fellow ultra-low-cost carrier (ULCC) Frontier. The meeting, originally scheduled for June 10, will now take place on June 30. Spirit says the extension will allow its board of directors to “continue discussions with Spirit stockholders, […]
The board of directors for Spirit Airlines has unanimously determined that an offer from JetBlue Airways to acquire all outstanding shares of Spirit’s common stock was not in the best interests of the airline and its stockholders. The board’s Thursday announcement came in response to JetBlue filing a proxy statement and launching a website last […]
JetBlue has filed a proxy statement and launched a website urging Spirit Airlines shareholders to vote against a proposed merger between Spirit and fellow ultra-low-cost carrier Frontier Airlines. Spirit rejected a competing purchase offer from JetBlue earlier this month, citing a low probability of obtaining antitrust clearance. According to JetBlue, its latest offer, made on […]
Ultra-low-cost carrier (ULCC) Spirit Airlines has rejected a purchase offer from JetBlue citing a low probability of obtaining antitrust clearance. JetBlue launched the bid, which is competing against a prior merger agreement between Spirit and Frontier Airlines, last month. In spite of JetBlue’s proposal offering significantly more than the current value of Frontier’s bid, Spirit […]