Spirit Airlines Wins Approval for $475 Million Lifeline in Bankruptcy Court

Spirit lands bankruptcy court approval for $475 million in financing, aircraft leasing deal

Spirit Airlines won U.S. Bankruptcy Court approval for $475 million in debtor-in-possession financing in a move that will strengthen its ability to restructure its business.

Spirit Airlines wins approval for $475 million lifeline in bankruptcy court

Spirit Airlines will get a $475 million lifeline from its bondholders and another $150 million from an aircraft lessor.

Spirit to Start Tapping $475 Million in New Bankruptcy Financing

Spirit Aviation Holdings Inc. won bankruptcy court permission to start tapping $475 million in new financing and implement a deal with its biggest aircraft lessor to return dozens of aircraft.

Spirit Airlines secures $475 million bankruptcy lifeline to stabilize operations

Spirit Airlines received court approval for $475 million in debtor-in-possession financing to help stabilize operations during bankruptcy. The U.S. Bankruptcy Court for the Southern District of New York also approved a $150 million payment from AerCap, Spirit’s largest aircraft lessor. The big picture: The airline rejected 27 airplane leases as part of its restructuring plan. $200 million of the financing is immediately accessible to Spirit to …

Judge Clears $200 Million Lifeline for Spirit Airlines Amid Bankruptcy Turbulence - USA Herald

In a pivotal moment for its restructuring flight path, Spirit Airlines secured court approval Friday to borrow $200 million as part of a Chapter 11 financing package designed to keep the cash-strapped budget carrier airborne while trimming down its jet fleet. U.S. Bankruptcy Judge Sean H. Lane, presiding in New York, granted interim approval for Judge approves Spirit Airlines funding plan with $200M loan and AerCap aircraft lease settlement.

Spirit Airlines cancels Airbus order in settlement with AerCap - Regional Media News

By Rajesh Kumar Singh and Doyinsola Oladipo NEW YORK (Reuters) -In a fleet optimization move, Spirit Airlines will reject its commitment to buy 52 Airbus planes along with its options for 10 others. The aircraft orders will be taken over by aircraft lessor AerCap. This three-way agreement is part of a dispute settlement between Spirit and AerCap, which was approved on Friday by U.S. Bankruptcy Court for the Southern District of New York. The con…