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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...

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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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