Spirit Aviation Holdings Files 8-K with Key Corporate Updates

TL;DR

Spirit Aviation Holdings 8-K: Bankruptcy risk, debt triggers, exec changes filed 8/29.

AI Summary

Spirit Aviation Holdings, Inc. filed an 8-K on August 29, 2025, reporting several events as of August 25, 2025. These include potential bankruptcy or receivership, triggering events for financial obligations, and changes in directors or officers, along with compensatory arrangements. The filing also contains Regulation FD disclosures and other events, including financial statements and exhibits.

Why It Matters

This 8-K filing indicates significant corporate events for Spirit Aviation Holdings, Inc., potentially impacting its financial obligations and leadership structure.

Risk Assessment

Risk Level: high — The filing explicitly mentions 'Bankruptcy or Receivership' as an item, indicating a high level of financial distress or uncertainty.

Key Players & Entities

• Spirit Aviation Holdings, Inc. (company) — Registrant
• Spirit Airlines, Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value FLYY NYSE American Indica
• $2.1 million — nt aircraft, a lease termination fee of $2.1 million becomes immediately due and payable to
• $856.0 million — the "Debt Instruments"): Approximately $856.0 million of PIK Toggle Senior Secured Notes due
• $275.0 million — d collateral custodian. Approximately $275.0 million of borrowings (plus any accrued but unp
• $636.0 million — ving Credit Agreement). Approximately $636.0 million of borrowings (plus any accrued but unp
• $849.0 million — Wilmington, as trustee. Approximately $849.0 million owed pursuant to individual aircraft lo
• $4.0 million — erm incentive for 2025 nor the existing $4.0 million retention incentive payable to Mr. Davi
• $2,918,000 — s, President & Chief Executive Officer $2,918,000 Frederick S. Cromer, Executive Vice P
• $1,185,000 — ce President & Chief Financial Officer $1,185,000 Thomas Canfield, Executive Vice Presi
• $1,082,000 — utive Vice President & General Counsel $1,082,000 John Bendoraitis, Executive Vice Pres
• $1,132,000 — ce President & Chief Operating Officer $1,132,000 Item 7.01 Regulation FD Disclosure.

Filing Documents

• dp233724_8k.htm (8-K) — 49KB
• dp233724_ex1001.htm (EX-10.1) — 26KB
• dp233724_ex1002.htm (EX-10.2) — 26KB
• dp233724_ex9901.htm (EX-99.1) — 19KB
• 0000950103-25-011031.txt ( ) — 310KB
• flyy-20250825.xsd (EX-101.SCH) — 3KB
• flyy-20250825_lab.xml (EX-101.LAB) — 33KB
• flyy-20250825_pre.xml (EX-101.PRE) — 22KB
• dp233724_8k_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. Existing AerCap Aircraft Leases On August 25, 2025, the Company received an additional written notice from the Lessor with respect to 37 existing lease agreements with certain affiliates of AerCap, dated as of 2013, 2018, 2019 and 2021, respectively, by and between the Lessor and Spirit Airlines, as lessee (the "Existing Aircraft Leases"), asserting that events of default had occurred and were continuing under the Existing Lease Agreements. At this time, the Lessor has (i) not accelerated or demanded any payment, (ii) not foreclosed on all or any part of any lien or security interest created by any of the Existing Aircraft Leases and (iii) not exercised any other rights or remedies that may be available to the Lessor with respect to the Existing Aircraft Leases. The Company disagrees with the assertion that an event of default has occurred and is continuing under any Existing Aircraft Lease. The Company is currently in discussions with AerCap with respect to the Existing Aircraft Leases. However, no assurance can be given that the parties will reach an amicable resolution on a timely basis, on favorable terms, or at all. If an amicable resolution is not reached promptly, the Company will take legal action to contest the alleged events of default and to enforce its rights under the Existing Aircraft Leases. *** Cautionary Note Regarding the Chapter 11 Cases The Company cautions that trading in the Company's common stock during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company's common stock may bear little or no relationship to the actual recovery, if any, by holders of the Company's common stock in the Chapter 11 Cases. The Company expects that holders of the Company's common stock will not receive distributions in the Chapter 11 Cases, and that the equity will be canceled under the Plan. Cautionary Statement Regarding Forward Looking Statements This Current Rep

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 29, 2025 SPIRIT AVIATION HOLDINGS, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR