Spirit Airlines has confirmed it will not be returning to Manchester-Boston Regional Airport (MHT) following its Chapter 11 bankruptcy proceedings. The airport expressed gratitude for Spirit’s investments in the region since it began service in 2021.
“We are very thankful for their investment in New Hampshire and will stand ready to welcome them back when market conditions are right,” said a representative from MHT.
Spirit Airlines’ bankruptcy process involves targeting more up-market travelers and emerging as a “leaner and more efficient” carrier, which means exiting certain markets, including Manchester.
Data from aviation analytics company Cirium’s Diio Mi airline planning tool revealed that Spirit Airlines’ last flight from Manchester-Boston Regional was on May 7, 2024, bound for Orlando International Airport (MCO).
The decision to cut services was also influenced by production problems with Pratt & Whitney PW1100G engines. Contaminated powder metal used between Q4 2015 and Q3 2021 necessitated accelerated removals and inspections starting in September 2023. All of Spirit’s Airbus A320neo and A321neo aircraft are powered by these engines.
In a statement to CBS News, Spirit Airlines said: “The ongoing operational constraints related to Pratt & Whitney GTF engine availability and seasonal demand for our MHT flights” were reasons behind suspending flights from the airport.
“Manchester-Boston Regional Airport is a great partner, and we look forward to returning with seasonal service next winter,” added Spirit.
During its final months of operation at MHT, Spirit only flew routes to Orlando after ending flights to Myrtle Beach International Airport (MYR) in August 2023. Other past destinations included Fort Lauderdale Hollywood International Airport (FLL), Southwest Florida International Airport (RSW), and Tampa International Airport (TPA).
On November 18, the same day as filing for voluntary Chapter 11 bankruptcy proceedings, Spirit announced its post-bankruptcy plans under ‘Project Bravo.’ This strategic transformation aims at adapting to increased supply of leisure capacity and customer demand for premium offerings following the pandemic and a failed merger with JetBlue due to a Department of Justice lawsuit.
“In light of these market dynamics, Spirit has embarked upon a comprehensive strategic transformation to improve the company’s financial profile and re-align its business model,” said an official release.
‘Project Bravo’ focuses on improving reliability, introducing premium leisure products, enhancing passenger experience, and reworking brand communication.
On February 20, Spirit Airlines disclosed that the United States Bankruptcy Court for the Southern District of New York confirmed its restructuring plan. This includes equitizing $795 million of debt while issuing $840 million aggregate principal amount of new senior secured debt to existing bondholders. Additionally, there will be a $350 million equity investment and a $300 million revolving credit facility.
