FROM THE OFFICE OF PUBLIC AFFAIRS

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WASHINGTON, DC – The Air Transportation Stabilization Board (Board) announced today that it has denied the application of Spirit Airlines, Inc. for a Federal guarantee of $54.0 million on a $60 million loan pursuant to the Air Transportation Safety and System Stabilization Act (Act) and implementing regulations promulgated by the Office of Management and Budget (Regulations). The Board concluded its review based on the standards set out in the Act and the Regulations and determined that Spirit’s application did not meet the applicable standards for the reasons described in the attached letter. The vote to deny the application was 2-1, with Department of Transportation General Counsel Kirk K. Van Tine dissenting.

Additional information about the ATSB is available on its web site, www.treas.gov/atsb.

Related Documents:

• Spirit Decision Letter