By Mary Schlangenstein and Jonathan Randles, Bloomberg News (TNS)

Spirit Aviation Holdings Inc. filed for bankruptcy for the second time in less than a year after failing to turn around its cash-strapped airline.

The carrier filed Chapter 11 on Friday in New York, listing assets and liabilities of between $1 billion and $10 billion on a bankruptcy petition. The filing comes amid active negotiations with some of its largest lessors, secured noteholders and key stakeholders, the carrier said in a statement.

Spirit said in a subsequent filing that it had received a written notice of default Aug. 25from its lessor AerCap Holdings, which said it terminating dozens of leases on aircraft that were scheduled for delivery to Spirit in the coming years. Termination would come at a cost of more th

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