Welcome to our dedicated page for Spirit Aviation Hldgs SEC filings (Ticker: FLYY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Spirit Aviation Holdings, Inc. filings document the corporate status, capital structure, and restructuring disclosures of the parent company of Spirit Airlines, LLC. The company's 8-K filings describe Chapter 11 proceedings, monthly operating reports filed with the bankruptcy court, Regulation FD disclosures, and material-event updates tied to the airline's restructuring process.
The filing record also covers material agreements, registration-rights waivers, common stock and warrant matters, Form S-1 registration changes, NYSE American delisting, OTC Pink Limited trading under FLYYQ, suspension of reporting obligations, and disclosures related to the orderly wind-down of operations.
Spirit Aviation Holdings, Inc. (FLYY) furnished an update under Regulation FD, noting that on November 7, 2025 it issued a press release announcing agreements in principle with its two principal labor unions.
The press release is included as Exhibit 99.1. The information in Item 7.01 and Exhibit 99.1 is being furnished, not filed, and is not subject to liabilities under Section 18 of the Exchange Act nor incorporated by reference except as expressly set forth.
Spirit Aviation Holdings (FLYY) disclosed that the Bankruptcy Court entered a final order approving its debtor-in-possession financing. The DIP Credit Agreement provides up to $475,000,000 in superpriority priming term loans to support operations during Chapter 11.
The facility includes additional new money availability on defined dates: up to $75,000,000 on November 7, 2025, $100,000,000 on December 13, 2025, and $100,000,000 on a subsequent date set in the order and agreement. New money loans accrue interest at the Base Rate plus 7% (with a 4% floor) or Term SOFR plus 8% (with a 3% floor). Roll-up loans tied to certain prepetition notes do not bear interest unless determined oversecured. The DIP facility matures on July 14, 2026.
The company also noted prior delisting from NYSE American, with shares trading on the OTC Pink under “FLYYQ.” It cautioned that common shareholders could face a significant or complete loss depending on the Chapter 11 outcome.
Esopus Creek Fund and related parties report beneficial ownership of 1,315,400 Spirit Aviation Holdings shares, or about 5.08% of the common stock. The fund states it used approximately $700,955 of its investment capital, including commissions, to accumulate the position.
The reporting group says it views the shares as undervalued and an attractive investment. It highlights Spirit Aviation’s recent repeat bankruptcy filings and expresses concern about current leadership and equity holders’ representation in the case. They support the appointment of an examiner and have asked for an Official Committee of Equity Holders.
The investors may buy or sell more shares, or use hedging strategies, depending on market conditions and price levels. They also indicate they could propose changes to capitalization, ownership structure, board composition, operations, or potential merger or sale transactions, while continuing to engage with management, the board, and other shareholders.
Spirit Aviation Holdings (FLYY) announced court-approved debtor-in-possession financing and a major aircraft lessor settlement as part of its Chapter 11 process. The Bankruptcy Court authorized a superpriority priming DIP credit agreement providing up to $475,000,000 in term loans, with additional new money availability of up to $75,000,000 on November 7, 2025, $100,000,000 on December 13, 2025, and $100,000,000 on a later date under the interim order. Interest on new money loans is payable in kind at Base Rate plus 7% (4% floor) or Term SOFR plus 8% (3% floor), with a scheduled maturity of July 14, 2026.
The court also approved a restructuring term sheet with AerCap, including lease assumptions and rejections, 30 new postpetition leases, mutual releases, and a $150.0 million liquidity payment to the Debtors. The company will launch a tender offer for holders of the Prepetition Notes to participate pro rata as DIP lenders and to exchange (“roll-up”) a principal amount of their notes under the DIP terms.
Separately, the company’s common stock was delisted from NYSE American following a Form 25 filing and now trades on the OTC Pink under “FLYYQ.” The company cautions that common shareholders could experience a significant or complete loss depending on the Chapter 11 outcome.
Esopus Creek Value Series Fund LP - Series A and related parties disclosed ownership of 1,300,000 shares of Spirit Aviation Holdings, Inc. common stock, representing approximately 5.0% of the 25,882,259 shares outstanding. The shares were acquired with approximately $690,406 of the fund's capital, including commissions, with two recent purchases: 500,000 shares on September 3, 2025 at $0.5379 per share and 800,000 shares on September 10, 2025 at $0.5012 per share. The filing states the Reporting Persons view the issuer as undervalued but express material concern that the company has filed for bankruptcy protection twice in rapid succession and that management has undermined shareholder value. The Reporting Persons seek appointment of an examiner in the bankruptcy process and reserve the right to engage with the company, buy or sell additional shares, or pursue other actions to protect their investment.