Demolition began Monday to make way for the Bridge Builder Community, a tiny homes community aimed to help young adults who have aged out of the foster care system.
"It is in the best interests of the company to perform its obligations under the RSA and pursue the Chapter 11 plan of reorganization," the board noted in the petition.
Spirit Airlines has become the first large American air carrier to seek Chapter 11 bankruptcy protection since American Airlines did so more than a decade ago.