Overview
- Spirit Aviation Holdings said on December 15 it amended its debtor-in-possession credit agreement to release a third funding tranche of up to $100 million.
- Of that total, $50 million is available immediately, while the remaining $50 million is subject to conditions linked to progress on a standalone plan or a strategic transaction.
- The company said it is in active negotiations on strategic options that could include a merger with another airline.
- CEO Dave Davis said lenders recognized significant recent progress and reaffirmed support for the airline’s transformation.
- Spirit recently secured ratified agreements with pilot and flight attendant groups and has repositioned its fleet and reduced costs as it continues restructuring under its August 2025 Chapter 11 filing.