Retired NY Judge To Mediate Spirit Aircraft Deal Dispute
Published . Updated .
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A New York bankruptcy judge on Friday named retired U.S. Bankruptcy Judge Robert D. Drain to mediate an ongoing dispute between bankrupt airline Spirit Aviation and a company that agreed to buy 20 of its aircraft.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF+1.2% 30d
iShares U.S. Aerospace & Defense ETF: it holds aerospace and defense makers. Linked by “aircraft” (aerospace) in this story.
- JETS U.S. Global Jets ETF-6.7% 30d
U.S. Global Jets ETF: it holds airlines. Linked by “airline” (airlines) in this story.
- GE GE Aerospace+6.9% 30d
GE Aerospace (electronic and other electrical equipment (no computer equip)): aircraft makers and suppliers move with orders and air travel. Linked by “aircraft” (aerospace) in this story.
- TDG TransDigm Group+11.6% 30d
TransDigm Group (aircraft parts and auxiliary equipment): aircraft makers and suppliers move with orders and air travel. Linked by “aircraft” (aerospace) in this story.
- HWM Howmet Aerospace-2.4% 30d
Howmet Aerospace (rolling drawing and extruding of nonferrous metals): aircraft makers and suppliers move with orders and air travel. Linked by “aircraft” (aerospace) in this story.
- BA The Boeing-10.7% 30d
The Boeing (aircraft): aircraft makers and suppliers move with orders and air travel. Linked by “aircraft” (aerospace) in this story.
- DAL Delta Air Lines+2.9% 30d
Delta Air Lines (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “airline” (airlines) in this story.
- UAL United Airlines Holdings-3.5% 7d
United Airlines Holdings (air transportation, scheduled): airlines' costs move with jet fuel and travel demand. Linked by “airline” (airlines) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | +0.24% | +2.49% | base | after close | after close | after close | after close |
| JETS | +4.68% | +4.63% | base | after close | after close | after close | after close |
| GE | +1.16% | +3.24% | base | after close | after close | after close | after close |
| TDG | +0.29% | +2.29% | base | after close | after close | after close | after close |
| HWM | -2.10% | +1.40% | base | after close | after close | after close | after close |
| BA | +0.52% | +1.77% | base | after close | after close | after close | after close |
| DAL | +6.45% | +5.84% | base | after close | after close | after close | after close |
| UAL | +10.26% | +8.38% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Retired NY Judge To Mediate Spirit Aircraft Deal Dispute Law360
Source: Law360
This story
| Company | When | Move | Status |
|---|---|---|---|
| BA | three days earlier | +1.77% | final price |
| BA | five days earlier | +0.52% | final price |
| DAL | three days earlier | +5.84% | final price |
| DAL | five days earlier | +6.45% | final price |
| GE | three days earlier | +3.24% | final price |
| GE | five days earlier | +1.16% | final price |
| HWM | three days earlier | +1.40% | final price |
| HWM | five days earlier | -2.10% | final price |
| ITA | three days earlier | +2.49% | final price |
| ITA | five days earlier | +0.24% | final price |
| JETS | three days earlier | +4.63% | final price |
| JETS | five days earlier | +4.68% | final price |
| TDG | three days earlier | +2.29% | final price |
| TDG | five days earlier | +0.29% | final price |
| UAL | three days earlier | +8.38% | final price |
| UAL | five days earlier | +10.26% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold General Electric (GE), worth $1,001 - $15,000 on 24 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Electric (GE), worth $1,001 - $15,000 on 24 Aug 2026. That is 81 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold TransDigm Group (TDG), worth $15,001 - $50,000 on 28 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. April McClain Delaney sold TransDigm Group (TDG) (held by a dependent child), worth $100,001 - $250,000 on 25 Aug 2026. That is 80 days before publication. Filed 9 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought TransDigm Group (TDG), worth $1,001 - $15,000 on 24 Aug 2026. That is 81 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Boeing (BA), worth $1,001 - $15,000 on 24 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Boeing (BA), worth $1,001 - $15,000 on 24 Aug 2026. That is 81 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Boeing (BA), worth $500,001 - $1,000,000 on 21 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold United Airlines Holdings (UAL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 70 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid “Retired NY Judge To Mediate Spirit Aircraft Deal Dispute” looks
12 out of 100
“Retired NY Judge To Mediate Spirit Aircraft Deal Dispute” scores 12 out of 100. The score uses 1 sources.