Febuary 2024:
Spirit Airlines engaged Davis Polk & Wardwell LLP as legal advisors in early 2024.
March 4, 2024:
Engagement with Davis Polk & Wardwell was publicly announced, when Spirit terminated its merger agreement with JetBlue Airways. At that time, Spirit stated it had retained Davis Polk & Wardwell LLP and Perella Weinberg & Partners L.P. as advisors to assess options for refinancing upcoming debt maturities.
April 18, 2024:
The project, known as "Spirit Central," was completed and officially opened on April 18, 2024.
The total investment for the headquarters was approximately $250 million.
May 6, 2024:
During the first-quarter earnings call, Christie criticized the U.S. airline industry, stating it "seems ever more like a rigged game," benefiting major carriers at the expense of smaller ones and consumers. He expressed disappointment over the blocked merger with JetBlue, asserting that "American consumers are the long-term losers."
June 7, 2024:
At the annual shareholders' meeting, Christie addressed bankruptcy rumors, stating, "We are not evaluating a Chapter 11 at this time." He emphasized the company's focus on executing its standalone plan and adjusting to the competitive environment.
July 30, 2024:
Announcing new ticket bundles aimed at enhancing customer experience, Christie said the changes are "taking low-fare travel to new heights." This initiative was part of Spirit's strategy to attract a broader customer base by offering additional perks.
November 12, 2004:
Spirit Airlines Files Form 12b-25 with the SEC, delaying the filing of its quarterly report due to "unexpected circumstances." The company cited the need for additional time to complete the review and assessment of its financial statements.
November 18, 2024:
Following Spirit Airlines' Chapter 11 bankruptcy filing, Christie stated, "This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience." He expressed confidence in the company's long-term plans and praised the Spirit team's dedication.
November 18, 2024:
The New York Stock Exchange ("NYSE", the "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the "Company") — ticker symbol SAVE — from the NYSE. Trading in the Company’s common stock will be suspended immediately.
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