Management Announces Deal with Bondholders, Path Forward in Bankruptcy
We have good news today for our future. Management announced an agreement in principle with the existing DIP (debtor-in-possession) lenders for financial restructuring assistance. This agreement is critical for our airline and our jobs. With this agreement, management will be able move forward on a path to exit bankruptcy this year, with greater certainty than anyone expected or outside forces hoped.
Bankruptcy has not been easy for us on the frontlines at Spirit. We’re looking forward to welcoming 500 Flight Attendants back to the line soon. We are still working diligently to address the many issues from scheduling to benefits and more. There are still many hurdles to overcome before bankruptcy exit becomes reality, but there is now a path forward.
Today, we can all breathe a sigh of relief. We all needed this. We’ll keep working to hold management accountable, enforce our contract, and do our part to keep Spirit flying.
Show up for one another now more than ever, for without this commitment, our airline loses its best part: you! We continue to remain dedicated to each of you and our collective future together.
In solidarity,
Your Spirit AFA MEC
