Spirit Air, Creditors Gear Up for Debt Talks by Tapping Advisers

Spirit Airlines Inc. and its creditors are tapping advisers ahead of potential talks about the more than $1 billion of debt the company has coming due in 2025 and 2026, according to people with knowledge of the matter.

A group of bondholders organized and tapped Akin Gump Strauss Hauer & Feld for legal advice after the budget airline’s scuttled combination with JetBlue Airways Corp. stoked concern about its financial position, said the people, who asked not to be identified discussing a private matter.

Spirit, meanwhile, is getting advice from law firm Davis Polk & Wardwell and investment bank Perella Weinberg ...