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Three months after speculation about what will happen after spiritual airlines ((Preserve)) Florida Carrier, known for its rock prices, which was offered in Chapter 11 in November 2024, has provided it will turn $ 795 million from debt into royal rights and eventually go by handing over control of a group of the largest bond holders.
“We will appear as a stronger airline with financial flexibility to continue providing guests with improved travel experiences and greater value,” Ted Christie said in a statement.
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These are the aircraft that the soul maintains and get rid of after the closure
The spirit officially announced it Complete the restructuring process tONER is a bankruptcy procedure on March 12; The official transfer is now expected to a private company “in the coming weeks”.
According to the author of the Securities and Stock Exchange Committee (SEC), which was first reported by the simple aviation, the plans of the soul after the bankruptcy include reducing the size of its fleet by 21 additional aircraft.
Related: The soul will be special (here you need to know)
The carrier runs an exclusive fleet of Airbus ((Eadsf)) A320 and A321 models reported and operated 49 A320CEO, 91 A320neo, 22 A321CEO, and 34 A321Neo Plans By an end 2025.
Airlines put 21 A320ceo and A321CEO aircraft for sale on December 31 last year. March 3 file says that Spirit has already sold a single -corridor Airbus models “not used in the process.”
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Spirit Airlines reports “loss of assets disposal” to SEC
The airline explained that it had a loss of $ 273.9 million during Waiting for the sale of the plane A mark has already been for sale.
“This loss to get rid of assets consists primarily from 282.5 million dollars from the weakness associated with our early retirement plan and selling 23 A320CEO and A321CEO plane, and a $ 11.9 million loss related to selling 17 Air-Neartmat to sell rental transactions,” reads the SEC file.
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In the March 12 note to bond holders and travelers, Spereet said that her plans after the closure also include “RideFin[ing] Travel is low with high -value travel options. “
While the business model used before submitting bankruptcy depends on the temptation of travelers looking for the opponent at rock prices, then imposing additional fees on any additional features that may realize that they need it later, its soul abandoned the packages of providing more privileges in the summer of 2024.
The “Go” basic fare is the naked seat with only a small personal component such as a backpack or a wallet while the “Go Big” fare is given one seat, early food, free food and chic throughout the trip.
Christie has repeatedly alluded to the fact that the airline is looking to move away from the ability to bear the costs by launching more of what it classifies as luxurious or elegant offers; Although this will give the transportation company more income flows, it risks the risk of turning its basic customer base and losing the edge of the ability to withstand the costs that have made travelers choose on other airlines.
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