Spirit Airlines Taps Fledgling Loyalty Programs to Raise $600M

aircraft
Credit: Rob Finlayson
Spirit Airlines plans to raise $600 million backed by two upstart loyalty programs, part of an effort to boost cash reserves while daily losses continue to mount. On Aug. 31, South Florida-based Spirit announced a private offering of $600 million in senior secured notes due 2025, backed by the core...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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