Spirit enters engine compensation deal with IAE; expects $150M-$195M liquidity benefit

Spirit Aviation Holdings, Inc.

Agreement with IAE provides monthly credit through end of 2025 for each GTF-grounded aircraft.
Estimated liquidity impact of $150M to $195M based on unavailable days since Jan 1, 2025.
Spirit releases claims against IAE and affiliates from March 26, 2024 through Dec 31, 2025.
Nearly all GTF engines in Spirit's fleet subject to accelerated inspection; planes grounded.
Credits compensate for A320neo aircraft unavailable due to Pratt & Whitney powdered metal issue.

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