Spirit Airlines granted funding lifeline
Cash strapped LCC Spirit Airlines has secured a significant financial lifeline.
The bankruptcy court approved $475 million in funds from its existing bondholders as it works through its latest Chapter 11 restructuring process.
The court agreed the $475 million in funds to keep its operations running.
Spirit also got approval to cancel nearly 30 aircraft leases with lessor AerCap.
This includes a $150 million payment from AerCap to Spirit.
This will save the airline ‘hundreds of millions’ it said recently.
“We are pleased to have reached another significant milestone in our restructuring, which represents continued progress toward securing a successful future,” said Dave Davis, Spirit’s president and CEO.
“With these approvals in place, we are better equipped to build a stronger airline.”
Spirit is in its second bankruptcy restructuring in less than a year.
The airline has slashed routes by about a quarter and furloughed hundreds of staff.
Related News Stories: Spirit Airlines gets a lifeline from bankruptcy court GX Jordan 2025: G Adventures celebrates 35 years with bold moves ... Partner News - TravelMole G Adventures - TravelMole Elegant Resorts - TravelMole
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
U.S.A. and Israel attacks on Iran impact air movements in the Gulf (Update 1.00pm CET)
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025