SPIRIT AIRLINES

Stephen Costley October 01, 2025

SPIRIT AIRLINES secured up to $475m in DIP financing from existing bondholders and obtained another $120m of liquidity to support normal business operations during its restructuring. It also announced AERCAP agreed to pay Spirit $150m and allow Spirit to reject leases on 27 aircraft, resolving all...

Stephen Costley

Steve Costley is responsible for the overall production SpeedNews. Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

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