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Spirit Airlines has extended an agreement with its credit card processor and borrowed cash to support its efforts to return to profitability. The processor, U.S. Bank (USB) subsidiary Elavon, had requested additional collateral at a level that “could result in a material reduction of unrestricted...
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Spirit Airlines Borrows $275M, Extends Credit Card Deal is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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