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The end of Spirit Airlines<\/p>\n
\n The low-cost airline shuts down. Here\u2019s what is happening and what it means.\n <\/p>\n
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The big prize in Spirit Airlines\u2019 liquidation is closer to being awarded and may fetch close to $90 million.<\/p>\n
The now-defunct Broward airline has chosen a lead bidder in the sale of its former corporate headquarters in Dania Beach, among its most valuable assets.<\/p>\n
DPC HoldCo LLC has offered to pay Spirit $88 million in cash as what\u2019s dubbed a proposed purchase price, according to court documents filed 8:52 p.m. Wednesday in the New York bankruptcy court overseeing the case.<\/p>\n
The deadline to object to that agreement is 4 p.m. Friday, July 31.<\/p>\n
DPC is an information technology and cybersecurity company based in Miami.<\/p>\n
The lead bidder is also referred to as the stalking horse bidder in bankruptcy parlance, meaning it sets the baseline for future competitive bids.<\/p>\n
The deadline for receiving those bids from other interested parties is Aug. 7. If one or more is received in addition to the stalking horse, an auction will be held Aug. 11.<\/p>\n
Spirit shut down abruptly on May 2 during its second bankruptcy filing. While the airline it had reached a broad framework with creditors to restructure the company, spiraling fuel costs due to the U.S. and Iran war was the final nail in the coffin, the company said then.<\/p>\n
As a result, 17,000 people were put out of work. More than 2,500 employees were based at Fort Lauderdale-Hollywood International Airport. Just two years earlier, the airline moved into its new headquarters in Dania Beach. Spirit was important for Broward\u2019s economy. The carrier accounted for the most passengers at FLL in 2025.<\/p>\n
Since it ceased flying, the company has sought to sell off assets such as coveted boarding gates it had access to across U.S. airports and some airplanes. The airline also had to return property, including many jets, to companies from which they were leased. The process is complex and ongoing.<\/p>\n
For example, in June, Spirit agreed to turn over to Delta Air Lines \u201cgates C4 and C6, the ticketing lobby, and support space\u201d at Hartsfield-Jackson Atlanta International Airport for $12 million in a competitive bidding process, according to court filings. JetBlue recently won rights to 22 gates at New York\u2019s La Guardia Airport.<\/p>\n
![\"Employees](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/06\/MIA_SPIRITNEWCENTRALCAMPUSAS025.JPG\" "\\"MIA_SPIRITNEWCENTRALCAMPUSAS025.JPG\\"")
Employees attend the opening of Spirit Airlines new campus outside the support center on Thursday, April 18, 2024, at Dania Pointe in Dania Beach. Alie Skowronski askowronski@miamiherald.com <\/p>\n
The big prize remains the former airline\u2019s headquarters in Broward. The complex, in a shopping and dining area called Dania Pointe, consists of four buildings, the main one six stories and 180,000 square feet. An adjacent building, which has a flight simulator, was used to train pilots.<\/p>\n
The court documents filed on July 29 indicate DPC\u2019s offer would include all four of those buildings: the six-story main campus, a two-story ancillary building, a six-story parking garage and a two-story training center where the airline had a flight simulator.<\/p>\n
If the sale doesn\u2019t go through, DPC is entitled to 3% of the cash portion of the proposed purchase price, according to court documents.<\/p>\n
This story was originally published July 30, 2026 at 12:22 AM.<\/p>\n