Crucial advance in the Capíleakage 11: They approve the financing of Spirit Airlines for 475 million and the plan to optimize its fleet.
Spirit Aviation Holdings, Inc., the parent company of Spirit Airlines, LLC («Spirit» o to «Compañía»), announcementó today that it has received approvalón of the Bankruptcy Court of the USA For the South District of New York (the «Tribunal») for a líof financeón debtor-in-possession schemeón («DIP») up to $475 millions of dóhomes, coming from its current bondholders.
Financial spiritón y reorganizationón of his fleet
Además, Spirit has received approvalón of the Court for the agreement with AerCap Ireland Limited («AerCap»), your largest aircraft lessor. These approvals mark an important milestone in the current restructuring.óCompany No.ñíto under the Capíleakage 11 to position Spirit for the future.
To financeón DIP provideá a Spirit additional financial flexibility to support normal business operations during your restructuringón. Of the total financingón, $200 millions of dóit is homeán immediately available to the Companyñía.
You approveóCourt's ruling on Spirit's deal with AerCap includes a payment of $150 millions of dólares from AerCap to Spirit, I rescinded itón of 27 aircraft leasing contracts and the resolutionón of all claims and disputes between the parties. The agreement allows the Companyñíreduce operating costs by hundreds of millions of dollarsólares and prevé the future delivery of 30 aircraft. The Companyñía continúmoving forward with other landlords as it pursues its optimization strategyón of the fleet
«We are pleased to have reached another significant milestone in our restructuring.ón, which represents continuous progress towards achievingón of a successful future for Spirit», Dave Davis said., president and CEO. «With these approvals in force, we are better equipped to build an aerolínea más strong offering unmatched value to American consumers. We thank our stakeholders [interested parties] for their support and to the Spirit team for their dedication.ón and resilience during this process.»
Informationón Additional
The Companyñía maintains a website dedicated to its restructuring processón and www.spiritrestructuring.com. Informationóadditional n on the case of Capíleakage 11 of the companyñía, including access to documents presented to the Court and other documents related to the restructuring process.ón, Eastá available in https://dm.epiq11.com/SpiritAirlines or by calling líno informationórestructuringón of Spirit to (855) 952-6606 (free call in EE. UU.) o al +1 (971) 715-2831 (international).
