Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC ("Spirit" or the "Company"), continues to advance the Company's transformation to position the airline for the future. At a hearing today before the U.S. Bankruptcy Court for the Southern District of New York (the "Court"), Spirit announced significant progress in its ongoing Chapter 11 restructuring, including: The Company has negotiated a multi-tranche debtor-in-possession ("DIP") financing facility of up to $475 million...
