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Spirit airlines bankruptcy plan approved with opt-outs intact

Published on: 24 February 2025
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Law360: A New York bankruptcy judge said on 20 February 2025 he will greenlight budget air carrier Spirit Airlines' Chapter 11 plan to hand control of the business to creditors and approve third-party releases that prompted objections from the US Securities and Exchange Commission (SEC) and others, setting up Spirit to exit bankruptcy and wipe out almost US$800m of debt.

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