Last issue, nothing was decided except the next court date. This week was the opposite: the Honeywell dispute and the sale of the 27 aircraft both ended by agreement, and the court signed off on both on September 23. The fight over your employment records did not end, but it did get narrower. Here is where things landed, with the docket numbers so you can check me.
September 30 Is Still The Day That Matters
The Deidentified Data sale hearing and the DIP Carve-Out (B) hearing are both still set for 11:00 a.m. on September 30 (Dkt. Nos. 1601 and 1608, covered last issue). The reply deadline on the data sale is September 28 at noon (Dkt. No. 1601).
The Association of Flight Attendants-CWA filed a supplemental objection on September 24 (Dkt. No. 1656), and it reports real movement. Since AFA’s August 18 objection [1489], the Debtors have agreed to exclude “medical and disability data, accommodations, leave, drug and alcohol testing records, and union and collective-bargaining records.” AFA says the Debtors identified at least ten excluded categories, each tied to a specific system: medical and disability data in UKG Document Manager, drug and alcohol testing in HireRight, leave in Sedgwick, and union records on the OneDrive legal drives. Flight attendant time records in Crew Pay are excluded as well.
AFA says this narrows the dispute but does not resolve it, and it gives three reasons. First, exclusion works by system rather than by content, so AFA argues an accommodation request discussed in an email is no less confidential than one filed in the official system. Second, the process that would deidentify what remains does not exist yet. In AFA’s words, the Deidentification Agent is “still undefined, unretained, and answerable only to the proposed purchaser, Google.” Third, AFA says it never supplied the Debtors with search terms, the Debtors chose their own, and it still has not been shown which terms were used.
Two more details from the filing. AFA says Google has not agreed to exclude flight attendant tax forms, which remain subject only to deidentification. AFA also points out that the Consumer Privacy Ombudsman’s report covers consumers while identifying the same systems as holding employee data, and writes that “[n]o comparable officer examines this transaction for the employees whose records it principally conveys.”
On process, AFA reports that on September 9 the Debtors’ counsel said they do not presently intend to put on evidence at the hearing. That is AFA’s account of a phone call, not something the Debtors have said in a filing. If there is no agreement, AFA asks the court to hold off approving the contested parts until an evidentiary hearing can be held, while stating it does not contend the Debtors cannot carry their burden.
On the $58 million severance carve-out, I found nothing new filed this week. Its hearing is on the same court date as the data sale, September 30 at 11:00 a.m.
The Honeywell Settlement and the Aircraft Sale
Both asset fights ended by agreement on September 23. Judge Lane signed an agreed order settling Honeywell’s claim to its equipment: Honeywell keeps five auxiliary power units, receives two more, and gives up its claim to the units installed on five aircraft (Dkt. No. 1645). Payments among the lenders and aircraft owners were set in private emails between counsel, so no dollar figure is public. The court also approved the sale of the 27 EETC-financed aircraft: 23 to Save 2026-B LLC, the buyer acting at the direction of the SuperB Noteholders, and four to FTAI Aircraft Leasing Bermuda (2026) Ltd. (Dkt. Nos. 1646, 1647).
What matters for the 17,000: FTI’s Marc Bilbao says the sale is meant to reduce the debt secured by these aircraft (Dkt. No. 1628, ¶9), and the FTAI order directs the proceeds toward paying off the Senior Certificateholders’ claims. I did not see anything in either order that sends sale proceeds to unpaid employees.
The Numbers, and the Professionals’ Bills
The August operating reports were filed September 22 (Dkt. Nos. 1632 to 1637). Here is what they show, and what the professionals are asking to be paid.
Cash at Spirit Airlines, LLC, August (Dkt. No. 1632)
Beginning cash: $266,872,201
Receipts: $20,580,924
Disbursements: $55,618,343
Ending cash: $231,834,781
Combined cash, all six entities: $243,889,840, of which about $12.06 million sits at Spirit Loyalty Cayman. The other entities hold none.
Losses and asset sales
Net loss for August: $39,908,257
Negative equity: $5,288,650,513, which is exactly $39.9 million worse than the $5,248,742,256 I reported last month for July, so the two months tie out.
Asset sales, net cash proceeds: $18,013,338 in August; $118,579,759 cumulative.
What the professionals are asking for
Davis Polk, August monthly statement: $1,893,889.20 requested, described as 80% of $2,367,361.50 in fees (Dkt. No. 1623)
Debevoise, August monthly statement: $800,662.05 requested (Dkt. No. 1655)
PJT Partners, the Debtors’ investment banker, Fourth Interim and Final Fee Application, filed September 23 (Dkt. No. 1648):
Net transaction fee: $11,887,500 (engagement letter fee of $20,000,000, reduced by PJT to $12,000,000 gross, less a $112,500 credit)
Total request for June 1 through October 31, 2026: $13,015,584.51
PJT states its engagement ends October 31
Objections due October 7 at 4:00 p.m.; hearing October 14 at 11:00 a.m. (Dkt. No. 1649)
Bottom Line
The two asset fights we have been following in earlier issues are done. The one that involves your name, your medical leave, and your union activity is not. September 30 at 11:00 a.m. is when the court hears it. If you are a flight attendant, the concessions listed above are real but they are limited to what the Debtors have said in negotiation, not to anything in a signed order yet. Keep watching.
Upcoming Court Dates
September 28, 2026 — Data sale reply deadline, 12:00 p.m.; APUs and avionics parts due to Honeywell (Dkt. No. 1645).
September 30, 2026, 11:00 a.m. — Deidentified Data Sale hearing and DIP Carve-Out (B) hearing, before Judge Sean H. Lane.
October 7, 2026, 4:00 p.m. — Objection deadline, PJT final fee application.
October 14, 2026, 11:00 a.m. — Omnibus hearing; PJT fee application hearing.
November 17, December 16, 2026, and January 13, 2027 — Omnibus hearings (Dkt. No. 1631).
December 24, 2026 / February 19, 2027 — Exclusive Filing / Solicitation deadlines for a Chapter 11 plan.
— The Unpaid Employee | spiritdidnotpayme.com