Spirit Airlines’ parent company says it expects to exit Chapter 11 bankruptcy in the late spring or early summer, after striking a preliminary deal with its lenders and secured creditors that provides the support needed to finish its restructuring.

The early-stage agreement would help Spirit finalize changes to its fleet, route network and cost structure as it works toward emerging as “a new Spirit” — a smaller, leaner carrier still focused on offering low fares but with more options like premium economy and its version of first-class seating with more legroom.

“Spirit will emerge as a strong, leaner competitor that is positioned to profitably deliver the value American consumers expect at a price they want to pay,” said CEO Dave Davis.

FedEx wants Trump tariff refund

FedEx is suing the U.S. government, the latest company to request a refund on what it paid for tariffs set by President Donald Trump last year after the Supreme Court ruled that the tariffs are illegal.

More than 1,000 companies have filed suit in the U.S. Court of International Trade in efforts to recoup costs from the illegal tariffs, including large U.S. corporations like Costco and Revlon. Most of the lawsuits were already in process ahead of the Supreme Court decision Friday.

FedEx said in a filing with the U.S. Court of International Trade that they have “suffered injury” from having to pay the tariffs.