Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.
Surf Air Mobility (US) has unveiled a strategic initiative to minimize potential equity dilution significantly. The company announced plans to reduce the number of shares registered by approximately 35.6 million, which is expected to result in a 90% decrease in potential future equity dilution.
Thai Airways International is on track to exit its rehabilitation plan by mid-February 2025, marking a significant milestone in the airline’s recovery journey. The carrier, which has made strides in improving its financial situation, is also expected to resume trading on the stock exchange by May 2025.
