Reads to me: six weeks to refinance the bonds, otherwise they on the hook for the 1.1 billion, will also have to pay up on the revolving credit by eoy pending any unlikely renegotiation, since the current deal tied to the bonds is the renegotiated terms.

Spirit claims they have enough cash to survive for one year once they sell the remaining unencumbered aircraft and get a refund for their deposits on aircraft orders.

Assuming no deals are made, they suggest "restructuring". I assume that refers to chapter 11.