Spirit Airlines filed for Chapter 11 bankruptcy in late August, with plans to overhaul its operations to bring in financial stability and revenue. According to a report from Law360, the airline was granted millions in emergency funds to help restructure its business. Judge Sean H. Lane in New York approved Spirit Airlines to draw $275 million from its revolving credit facility, revenue, and other accounts associated with the airline. The move was described as an "obvious necessary" in… (www.msn.com) More...
