Spirit Lines Up $475M DIP, Expects $150M From AerCap Deal

By Ben Zigterman · September 30, 2025, 5:01 PM EDT

Spirit Airlines has lined up $475 million in Chapter 11 financing, its attorney told a New York bankruptcy judge Tuesday at a hearing in which he also shared that its largest...

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Bankruptcy Scorecard

Summary

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

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Spirit Aviation Holdings, Inc.

Case Number

1:25-bk-11897

Court

New York Southern

Nature of Suit

Date Filed

August 29, 2025

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