Spirit completes chapter 11 restructuring, agreement on financial support
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Background ✨
Spirit Aviation Holdings amended its debtor-in-possession credit agreement with senior secured noteholders, enabling a third incremental USD100 million funding round on 15-Dec-2025, with USD50 million immediately usable and the balance conditional on progress on a standalone plan or transaction.1 Spirit later pursued fleet rightsizing via a proposed auction of 13 A320ceos and seven A321ceos, with CSDS Asset Management as stalking horse at USD533.5 million.2