Spirit Airlines Files $300 Million IPO Plan With SEC

(Reuters) – Low cost Spirit Airlines Inc, which weathered a pilots’ strike and a furor over bag charges this year, announced plans on Friday for a public stock offering.

The carrier, based in Fort Lauderdale, Florida, said in a filing with the Securities and Exchange Commission (SEC) that it hoped to raise up to $300 million.

Spirit said it was poised for growth in its niche domestic markets and in Latin America and the Caribbean.

Underwriters were led by Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz).

A spokeswoman for Spirit said the carrier would not comment on the offering beyond what was included in the SEC filing.

(Reporting by John Crawley; editing by Andre Grenon)

[Affiliates of Oaktree Capital Management own 33.8 percent of Spirit Airlines.]