Spirit Airlines has reached a series of proposed deals with its principal aircraft leasing firm that would deliver a cash infusion to the troubled budget carrier, according to filings in U.S. Bankruptcy Court posted Tuesday.
The Dania Beach-based airline filed for Chapter 11 bankruptcy protection from creditors on Aug. 29, its second such filing in less than a year. At the time of the most recent filing, Spirit pointed to a decision by AerCap Ireland Ltd., which owns many of the planes on lease to Spirit, to declare the airline in default on various Airbus jetliners as a trigger for the return trip to bankruptcy court.
But now, according to a motion and an affidavit filed in U.S. Bankruptcy Court in New York, Spirit management and AerCap have resolved their disagreements and placed the a