Steve Segal Quoted in Skift

Spirit Airlines Was Once One of the Most Profitable Carriers. Now, Its Future Is in Doubt

By: Meghna Maharishi

Steve Segal, a shareholder at Buchalter who specializes in corporate law, said Spirit may have needed to do more to reduce its debt load during its Chapter 11 bankruptcy.

“The Chapter 11 plan that they emerged from seemed like a good idea at the time, but in hindsight, maybe more drastic measures should have been taken,” Segal said.

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