March 12 (Reuters) -

Spirit Airlines ( SAVEQ ) parent Spirit Aviation Holdings

said on Wednesday that the low-cost carrier has successfully

completed its financial restructuring.

The company said it has exited chapter 11 by finalizing a

debt restructuring transaction approved by a U.S. bankruptcy

judge in February.

The restructuring allows the budget airline to convert

$795 million in debt to equity. Spirit also received a $350

million equity investment from existing investors, the company

said.