Back to today’s briefing

Story perspectives

Spirit Airlines Secures $475M to Navigate Chapter 11 Bankruptcy

10/12/2025

43 4

Summary

Story summary

Spirit Airlines secured a $475 million debtor-in-possession financing package to support its second Chapter 11 reorganization.
The U.S. Bankruptcy Court approved $200 million of the DIP financing for immediate use to stabilize operations.
Spirit reached a settlement with AerCap to reject 27 aircraft leases and relinquish certain deliveries.
The airline will furlough about one-third of flight attendants and cut its fleet by nearly 100 planes.

1 of 1

Story summary

Spirit Airlines secured a $475 million debtor-in-possession financing package to support its second Chapter 11 reorganization.
The U.S. Bankruptcy Court approved $200 million of the DIP financing for immediate use to stabilize operations.
Spirit reached a settlement with AerCap to reject 27 aircraft leases and relinquish certain deliveries.
The airline will furlough about one-third of flight attendants and cut its fleet by nearly 100 planes.