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Spirit Aviation Holdings Inc ( (FLYYQ) ) has issued an update.
Spirit Aviation Holdings, Inc. announced an amendment to its debtor-in-possession (DIP) credit agreement, which facilitates the third funding round of $100 million to support its restructuring efforts. This amendment, agreed upon with senior secured noteholders, allows Spirit immediate access to $50 million, with conditions on the remaining funds tied to progress on a reorganization plan or strategic transaction. Spirit’s ongoing negotiations and recent operational improvements, including new agreements with pilots and flight attendants, aim to strengthen its market position and continue providing value-driven travel options.
More about Spirit Aviation Holdings Inc
Spirit Airlines, a subsidiary of Spirit Aviation Holdings, Inc., is dedicated to providing affordable and flexible travel options with an all-Airbus fleet. The airline serves destinations across the United States, Latin America, and the Caribbean, focusing on delivering enhanced travel experiences and exceptional value.
Average Trading Volume: 173,980
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.3M
Learn more about FLYYQ stock on TipRanks’ Stock Analysis page.