---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-016405"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T22:58:58.053831+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Spirit Airlines files Chapter 11, plans to cancel common equity, equitize $795M debt

## Summary
- Filed voluntary Chapter 11 on Nov 18, 2024; all flights and operations continue as normal.
- RSA signed by ~78.6% of senior secured noteholders and ~84.1% of convertible noteholders.
- Plan equitizes $410M in Senior Secured Notes and $385M in Convertible Notes; existing equity canceled with zero recovery.
- Backstopped $350M new equity rights offering and $300M DIP financing from existing bondholders.
- Vendors, aircraft lessors, and secured aircraft debt holders to be paid in the ordinary course, not impaired.

## SEC filing metadata
- accession: 0000950103-24-016405
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.04, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000095010324016405/0000950103-24-016405-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000095010324016405/dp220813_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-016405
- JSON: https://secwatch.observer/filing/0000950103-24-016405.json
- Plain text: https://secwatch.observer/filing/0000950103-24-016405.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.