Tag: Financial
Spirit Airlines negotiates $475m financing facility
Embattled Spirit Airlines has negotiated a multi-tranche debtor-in-possession (“DIP”) financing facility of up to $475 million from its existing bondholders.
The credit line will provide...
Spirit Airlines cancels routes in 11 cities amid financial struggles
Spirit Airlines announced it will permanently discontinue 11 routes serving U.S. cities as the budget carrier continues to grapple with mounting financial difficulties that...
