Spirit Secures $475 Million Financing and Wins Court Approval for AerCap Deal - The Bulkhead Seat

Spirit Airlines Secures Bankruptcy Court Approval for Airbus Order Rejection and Fleet Restructuring

Spirit Airlines received approval from the US Bankruptcy Court in New York to reject a commitment for 52… The post Spirit Airlines Secures Bankruptcy Court Approval for Airbus Order Rejection and Fleet Restructuring appeared first on Air Data News.

Spirit Secures $475 Million Financing and Wins Court Approval for AerCap Deal - The Bulkhead Seat

Spirit Airlines has received approval from the US Bankruptcy Court for the Southern District of New York for a debtor-in-possession (DIP) financing package of up to $475 million as part of its ongoing Chapter 11 restructuring process. The approval, granted to the company’s plan backed by existing bondholders, marks a key step toward stabilizing the low-cost carrier’s financial position and ensuring continued operations. I had previously written …