{"schema_version":"secwatch.filing_event.v1","accession":"0001498710-24-000142","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.347919+00:00","generated_at":"2026-06-04T05:20:22.038660+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Spirit Airlines secures $150M-200M in compensation from IAE for grounded GTF engines","bullets":["Agreement with IAE provides monthly credit for each Spirit A320neo grounded due to GTF engine inspections through end of 2024.","Estimated liquidity impact between $150M and $200M, based on days aircraft are unavailable in 2024.","Spirit releases IAE from claims related to impacted engines accrued prior to December 31, 2024.","Spirit will discuss arrangements with Pratt & Whitney for aircraft unavailable after 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001498710-24-000142","json":"https://secwatch.observer/filing/0001498710-24-000142.json","markdown":"https://secwatch.observer/filing/0001498710-24-000142.md","text":"https://secwatch.observer/filing/0001498710-24-000142.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000142/0001498710-24-000142-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000142/save-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:20:22.038660+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ea2e0bcfbfe2f4278121260596773460c07aa5e2","claim":"Spirit Aviation Holdings, Inc. entered into Agreement with International Aero Engines, LLC (IAE) valued at between $150 million and $200 million (effective 2024-03-26).","evidence_excerpt":"On March 26, 2024, Spirit entered into an agreement with International Aero Engines, LLC (\"IAE\"), an affiliate of Pratt & Whitney (the “Agreement”) pursuant to which IAE will provide Spirit with a monthly credit through the end of 2024, subject to certain conditions, as compensation for each Spirit aircraft unavailable for operational service due to GTF engine issues.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000149871024000142/0001498710-24-000142-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"International Aero Engines, LLC (IAE)"},{"label":"Value","value":"between $150 million and $200 million"},{"label":"Effective","value":"2024-03-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}