The Soaring Press

DANIA BEACH, Fla — Spirit Airlines filed for Chapter 11 bankruptcy for the second time this year, looking to cut costs, streamline routes and keep flights running while it restructures. On Aug. 29, Spirit Aviation Holdings, LLC. and parent company of Spirit Airlines announced that they have voluntarily applied for Chapter 11 bankruptcy with  the U.S. Bankruptcy Court for the Southern District of New York  in hopes of keeping the airline in business. According to Spirit, it seeks to use Chapter 11 to make broad changes and "position it to deliver the best value in the sky for years to come." The plan is to work with stakeholders over the coming months to find a path forward and the filing gives them the flexibility they need. "Since emerging from our previous restructuring, which was targeted exclusively on reducing Spirit's funded debt and raising equity capital, it has become clear that there is much more work to be done and many more tools are available to best...

  DEERFIELD, Ill.   —  Walgreens is now officially a privately held company after being acquired by private equity firm Sycamore Partners. If you held stock in Walgreens Boots Alliance, Inc., owner of Walgreens Co., you may have noticed that the stock was removed from the Nasdaq on Thursday, and you are wondering what happened. On August 28, Sycamore Partners, a private equity firm based in New York that specializes in consumer, distribution and retail-related investments, announced that it had completed its acquisition of Walgreens Boots Alliance, Inc . The deal was first announced in March, and in July, the shareholders approved the move that Sycamore said could represent a transaction of up to $23.7 billion. As a result, Walgreens Co., the independent retail pharmacy, will now be a stand-alone private company, with Mike Motz, the former CEO of Staples US Retail, as its new chief executive. “Today represents an exciting new chapter and a turning point for Walg...