Originally Posted by Hog172

Doc #790 page 43
"CHAPTER 11 - M&A AND ASSET DISPOSITION"
Fees: $304,767.00
dedicated billing category for M&A (Mergers & Acquisitions) work in December 2025.

Doc #796 filed on February 20, 2026—a Fourth Monthly Fee Statement from Jefferies LLC, who serve as Investment Banker for the Official Committee of Unsecured Creditors (UCC).
CRITICAL FINDING: Active Investment Banking Work in January 2026
-provides conclusive evidence of an active sale process.
-No "Liquidation" or "Wind-down" specialists on the team

Doc #770, filed on February 11, 2026 — a Motion for Approval of Bidding Procedures for the sale of 20 Airbus aircraft
This document contains Spirit's ultimate plan. Look at Section XII (Fiduciary Out for Enterprise Sale) on pages 57-58:

"the board of directors of Spirit Aviation Holdings, Inc. (the 'Seller Parent') determines, in consultation with outside legal counsel, in its sole and exclusive discretion to terminate this Agreement in order to enter into an agreement to consummate a transaction (an 'Enterprise Sale') contemplating the purchase of the equity or assets of Seller Parent and its subsidiaries as a going concern, including the Aircraft"

A few things I found. Take it for what it’s worth.
-don’t kill the messenger-