Spirit Airlines to transfer two gates at Chicago International Airport to American Airlines
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Background ✨
Spirit Airlines' restructuring process included court-approved access to up to USD475 million in debtor-in-possession financing and an agreement with AerCap Ireland, its largest aircraft lessor, allowing it to reject 27 aircraft leases and receive a USD150 million payment to help reduce costs. The court also approved Spirit's motion to reject 12 airport leases and 19 ground handling agreements as part of its fleet and network rationalisation efforts1 2.