Spirit Airlines CEO Gets $3.8 Million Bonus 1 Week Before Company Files Bankruptcy

According to an SEC filing, Spirit Airlines, Inc. (OTC:SAVEQ) CEO Ted Christie was paid a $3.8 million retention bonus just one week before the budget airline filed for bankruptcy. 

The Details: Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday and announced a comprehensive balance sheet restructuring plan aimed at reducing its debt and allowing the airline to continue to operate through the bankruptcy process. 

Spirit's existing bondholders agreed to take a $350 million ownership position in a reorganized airline and erased $795 million ...

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