---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-001007"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T06:49:13.343504+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Spirit Airlines rejects Frontier's $400M debt/19% equity merger proposal, to proceed with standalone Chapter 11 plan

## Summary
- Frontier proposed $400M principal debt + 19% equity for Spirit stakeholders; Spirit deemed it inferior to existing plan.
- Spirit's Board determined not to further delay emergence; confirmation hearing set for Feb 13, 2025 with exit expected Q1 2025.
- Spirit noted earlier 2024 agreement in principle was for $580M debt + 26.5% equity, far better than new Frontier proposal.
- Creditors' advisors reportedly viewed Frontier's proposal as insufficient and not warranting a counter.
- Spirit continues to advance restructuring to significantly deleverage and position for long-term success.

## SEC filing metadata
- accession: 0000950103-25-001007
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000095010325001007/0000950103-25-001007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000095010325001007/dp223953_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-001007
- JSON: https://secwatch.observer/filing/0000950103-25-001007.json
- Plain text: https://secwatch.observer/filing/0000950103-25-001007.txt

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