We are advising Spirit Airlines in connection with its chapter 11 bankruptcy cases

Davis Polk is advising Spirit Aviation Holdings, Inc. and its subsidiaries (collectively, “Spirit” or the “company”) in connection with cases commenced by the company under chapter 11 of the United States Bankruptcy Code. Spirit intends to use the chapter 11 process to implement the broad changes necessary to transition the company for a sustainable future and position it to deliver the best value in the sky for years to come.

On August 29, 2025, Spirit filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Southern District of New York. At hearings held during the first days of the bankruptcy cases, the Bankruptcy Court granted Spirit’s various first day motions. These approvals enable Spirit to continue operating as usual, including honoring tickets, reservations, credits and loyalty points; paying wages and honoring benefits; and paying certain critical vendors and partners for goods and services delivered prior to the filing date. The Bankruptcy Court also authorized Spirit to provide adequate protection to certain of its secured creditors.

Spirit is committed to safely delivering the best value in the sky by offering an enhanced travel experience with flexible, affordable options. Spirit serves destinations throughout the United States, Latin America and the Caribbean with its all-Airbus Fit Fleet, one of the youngest and most fuel-efficient fleets in the United States.

The Davis Polk restructuring team includes partners Marshall S. Huebner and Darren S. Klein, counsel Christopher Robertson and Joseph W. Brown and associates Moshe Melcer, Katharine Somers, Noah Z. Sosnick, Jonathan (Zhenyang) He, Eva (Luying) Wang, Mckenzie K. Whalen, Susan Oh and Rebecca Sattaur. The finance team includes partner David Hahn and counsel Bernard Tsepelman. The capital markets team includes partner Yasin Keshvargar, counsel Christopher H. Van Buren and associate Wilson Lin. The litigation team includes partner Ben Kaminetzky and associate Kevin E. Sette. The tax team includes partner Patrick E. Sigmon, counsel Leslie J. Altus and associate Shmuel Dov Sussman. Partner Travis Triano and counsel Justin Alexander Kasprisin are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.

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