Cash strapped Spirit Airlines has managed to secure a temporary lifeline as it works through restructuring the business.
It has negotiated $475 million through its existing bondholders and others to support business operations during the Chapter 11 restructuring.
The debtor-in-possession financing will give it about $200 million immediately pending the court approval.
Spirit also has access to $120 million of liquidity, it said in a filing.
The airline filed for bankruptcy protection again in August.
Its first bankruptcy filing less than a year ago failed to put it on a strong financial footing amid shrinking demand and strong market competition.
The airline separately said it has reached a deal in a dispute with aircraft lessor AerCap Holdings which will see the lessor pay Spirit $150 million.
The airline recently announced workforce downsizing and the scrapping of dozens of underperforming routes.
