Spirit has an agreement with noteholders for up to $475 million in debtor-in-possession financing, the airline's restructuring lawyer said in a court hearing. The airline has also reached an agreement for $150 million from aircraft lessor AerCap.
Spirit is planning to furlough about 1,800 flight attendants to cut costs in its second bankruptcy in a year. Spirit's CEO last week warned staff about upcoming job cuts as the airline shrinks to reduce costs.
Unions for flight attendants and pilots working for Spirit Airlines are warning members of further pain during the budget carrier's second bankruptcy in a year, as it steps up cost-cutting efforts, according to memos seen by Reuters.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 2,500 | $50 | $50 | - | - |