New Debtor-in-Possession Funds Bring Closure Rumors to a Halt Spirit Airlines has managed to scrape in an immediate $50 million boost through its debtor-in-possession (DIP) financing arrangement, providing short-term liquidity as it continues another restructuring under Chapter 11 protection. The funds became available on December 15 — ironically, the same day much of the industry thought Spirit was going dark for good.
