Spirit Airlines transfers Chicago airport gates to American Airlines for $30 million

Core Insights - Spirit Aviation will transfer two airport gates to American Airlines for a total of $30 million following approval from a judge at the U.S. Bankruptcy Court for the Southern District of New York [1] Group 1 - The transaction involves the transfer of airport gates, indicating a strategic move by Spirit Aviation to generate liquidity during bankruptcy proceedings [1] - The approval from the bankruptcy court highlights the legal framework supporting asset transfers in bankruptcy situations [1]