Spirit Airlines leaves its financial restructuring per chapter 11

Spirit Aviation Holdings, Inc., announcementó what Spirit He has left his restructuringóN FINANCIAL UNDER CAPíleakage 11, Completing a Transacción Consensual of disappointment that capitalizes approximately $795 millions of financed debt.

With significantly less debt and greater financial flexibility, Spirit emerges as a companyñía más strong, better positioned for the élong -term xito after completing the Capíleakage 11.

As part of the restructuringón, the companyñíto alsoén has received an investmentócapital no. $350 millions of existing investors to support Spirit's future initiatives, including investments to provide HUéExpedites enhanced travel experiences and greater value. El Plan de reorganizationóN De Spirit was confirmed by the United States bankruptcy court for the South District of New York, With the overwhelming support of a Supermayoría of the loyalty and convertible bond holders of the companyñía.

Spirit emerges satisfactorily from Capíleakage 11

Spirit Continueá being led by Ted Christie, President and Executive Director, and your existing executive team.

«We are pleased to complete our restructuringón simplified and emerge in a positionóN Financial más strong to continue our transformationóIn investments in the experience of HUésped», Mr said. Christie. «Throughout this process, We have continued making significant progress improving our product offers, while tooén we focus on returning to profitability and positioning our airlineíline for him élong -term xito. Hoy, We are advancing with our strategy to redefine low -cost trips with our new high -value travel options».

Spirit emerges with a reconstituted board of directors. Además of Mr. Christie, The Board Includeá Six directors with significant experience in industry and financial leadership: Robert A. Milton, David n. Siegel, Timothy Bernlohr, Eugene I. Davis, Andrea Fischer Newman y Radha Tilton.

Mr. Christ's continuousó: «I am increasingívery proud of our team members for their continuous dedicationón to our huéSPEDES AND BETWEEN THEM THROUGH THIS PROCESS. Despite the challengesíWe have faced as an organizationón, We are emerging as an airlineínea más strong and focused. In the name of the Executive Team, spaghettién I like itíTo thank our outgoing members of the Board for their contributions and their invaluable service to our airlineínea».

After Spirit, common actions issued by Spirit Airlines, Inc. They were canceled. The actions recién emitted, Now in the hands of the new Spirit owners, They are expected to be negotiated in the extraburs marketáto. The CompanyñíWaiting to quote your actions in a stock exchange as soon as reasonably possible afterés of the effectiveness date of the reorganization planón of Spirit.