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Spirit Airlines gets credit from IAE to boost liquidity, Reuters reports

Spirit Airlines’ (SAVE) said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues, according to Reuters. The carrier said in a filing with the U.S. Securities and Exchange Commission the agreement would boost liquidity by between $150M and $200M. The engine maker is an affiliate of RTX‘s (RTX) Whitney.

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