Spirit Airlines receives court approval for USD475m financing, agreement with AerCap
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Background ✨
Spirit Airlines' agreement with AerCap followed its negotiation of a debtor-in-possession financing facility of up to USD475 million from existing bondholders, with USD200 million available immediately upon court approval on 10-Oct-2025. Spirit also secured interim access to USD120 million, obtained court approval to reject 12 airport leases and 19 ground handling agreements, and continued discussions with other lessors and labour unions for further cost savings and fleet rationalisation1.