Spirit Airlines (SAVEQ) announced on Tuesday that it has received approval from the United States Bankruptcy Court for the Southern District of New York for its employees and vendors to continue to be paid in full.

The development means that Spirit customers can continue to book and fly without interruption and use all tickets, credits and loyalty points as normal.

"We are pleased with the Court's decision to grant all of this important relief, which affirms our ability to continue operating seamlessly during our streamlined restructuring process," stated Spirit Airlines CEO Ted Christie. "We look forward to emerging as a stronger company and continuing to execute on our strategic initiatives to transform our Guest experience," he added.

As previously announced, Spirit Airlines (SAVE) entered into a restructuring support agreement supported by a supermajority of its loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring that would equitize $795 million of funded debt and provide $350 million of fully committed equity capital upon emergence.

The airline sector is full of companies that have emerged from bankruptcy with their legacy brand still intact. United Airlines Group (UAL), Delta Air Lines (DAL), and American Airlines Group (AAL) are a few of the notable carriers that used bankruptcy protection at some point in their history.