• Home
  • Articles
  • Cayman Islands capital-raising subsidiaries of Spirit Airlines follow parent into Chapter 11 bankruptcy in U.S.

Cayman Islands capital-raising subsidiaries of Spirit Airlines follow parent into Chapter 11 bankruptcy in U.S.

Four Cayman Islands subsidiaries of Florida-based, self-described “ultra low-cost carrier” Spirit Airlines have followed its parent into Chapter 11 bankruptcy in New York, namely Spirit Finance Cayman 1 Ltd., Spirit Finance Cayman 2 Ltd., Cayman IP Spirit Ltd., and Spirit Loyalty Cayman Ltd.