Spirit Airlines Gets OK On $200M DIP, AerCap Lease Deal
By Alex Wittenberg · October 10, 2025, 3:14 PM EDT
A New York bankruptcy judge Friday approved Spirit Airlines' request to borrow $200 million under a Chapter 11 financing deal and enter into a settlement with its largest lessor, letting the...
Budget airline Spirit filed for Chapter 11 six months after exiting bankruptcy through a debt-for-equity swap. The company said it will streamline operations, reduce its fleet, renegotiate contracts and make other overhauls in its second Chapter 11.
Case Number
1:25-bk-11897
Judge
Sean H. Lane
Venue
U.S. Bankruptcy Court for the Southern District of New York