Brief: Spirit Airlines Announces Significant Progress Toward A Successful Restructuring
30/09/2025 20:11
Sept 30 (Reuters) - Spirit Airlines: SPIRIT AIRLINES ANNOUNCES SIGNIFICANT PROGRESS TOWARD A SUCCESSFUL RESTRUCTURING SPIRIT AIRLINES: OBTAINED IMMEDIATE INTERIM ACCESS TO $120 MILLION OF LIQUIDITY SPIRIT AIRLINES: NEGOTIATED A MULTI-TRANCHE DIP FINANCING FACILITY OF UP TO $475 MILLION FROM ITS EXISTING BONDHOLDERS SPIRIT AIRLINES: NEGOTIATED AGREEMENT WITH AERCAP IRELAND LIMITED, THAT WILL ACCELERATE CO'S FLEET OPTIMIZATION STRATEGY SPIRIT AIRLINES: TO REJECT LEASES ON 27 AIRCRAFT, TO REDUCE OPERATING COSTS BY HUNDREDS OF MLNS OF DOLLARS SPIRIT AIRLINES: UNDER AGREEMENT, AERCAP TO PAY SPIRIT $150 MILLION SPIRIT AIRLINES: EXPECTS TO ANNOUNCE AGREEMENTS WITH ADDITIONAL LESSORS, INCLUDING NEW LIQUIDITY AND FURTHER FLEET RATIONALIZATION SPIRIT AIRLINES: PROPOSED DEAL RESOLVES ALL CLAIMS & DISPUTES BETWEEN AERCAP & CO, PROVIDES FOR FUTURE DELIVERY OF 30 AIRCRAFT Source text: ID:nPnc3xlvPa Further company coverage: FLYYQ.PK ((Reuters.Briefs@thomsonreuters.com;))