Spirit Airlines touts ‘massive progress’ in bankruptcy
After arriving from Boston in Los Angeles, Los Angeles, Los Angeles, Los Angeles International Airport, a Spirit Airlines Airbus A320 taxis at Los Angeles International Airport.
Kevin Carter | Getty Images News | Getty Images
White Plains, NY – Spirit Airlines, the carrier’s restructuring lawyer Marshall Huebner, a court on Tuesday, provides “big progress” to revive the airline.
Huebner said that the fighting budget airline reached an agreement with Debtholders up to $ 475 million up to $ 475 million and that a large plane was $ 150 million from the lessor. 475 million dollars are subject to court approval.
Last month, the soul applied for high costs, weak demands and a lot of other problems for the second episode after one year for the second episode 11 bankruptcy protection.
Carrier is competing to reduce costs and announced that the flight officials have recently planned to cut about one -third of 40 routes and Furlogh. The airline meets with the Pilots Union and is looking for a deduction of about $ 100 million from that group.
Davis Polk & Wardwell’s partner Huebner said at the US bankruptcy court on Tuesday that the struggling carrier was pessimistic about the “less to say less” and what he’s doing.
