SCHEDULE 13G 0001166564 XXXXXXXX LIVE Common Stock, par value $0.0001 per share 06/30/2025 0001498710 Spirit Aviation Holdings, Inc. 84863V101 1731 RADIANT DRIVE DANIA BEACH FL 33004 Rule 13d-1(b) Cyrus Capital Partners, L.P. b DE 0.00 2147586.00 0.00 2147586.00 2147586.00 N 8.6 IA PN Includes 383,962 shares of Common Stock (as defined in Item 2(a)) issuable upon exercise of warrants. Cyrus Capital Partners GP, L.L.C. b DE 0.00 2147586.00 0.00 2147586.00 2147586.00 N 8.6 OO Includes 383,962 shares of Common Stock issuable upon exercise of warrants. Stephen C. Freidheim b X1 0.00 2147586.00 0.00 2147586.00 2147586.00 N 8.6 IN Includes 383,962 shares of Common Stock issuable upon exercise of warrants. Spirit Aviation Holdings, Inc. 1731 Radiant Drive, Dania Beach, Florida 33004 This statement is filed by: (i) Cyrus Capital Partners, L.P., a Delaware limited partnership ("CCP"), and the advisor to certain funds and accounts (collectively, the "Cyrus Funds") who holds all discretion over the investment activities of the Cyrus Funds, with respect to the shares of common stock, par value $0.0001 per share ("Common Stock") of Spirit Aviation Holdings, Inc., a Delaware corporation (the "Issuer"), and shares of Common Stock issuable upon exercise of warrants directly held by the Cyrus Funds; (ii) Cyrus Capital Partners GP, L.L.C. ("CCP GP"), a Delaware limited liability company and the general partner of CCP, with respect to the shares of Common Stock and shares of Common Stock issuable upon exercise of warrants directly held by the Cyrus Funds; and (iii) Stephen C. Freidheim ("Mr. Freidheim"), a United States citizen and the principal of CCP GP, the general partner of CCP, and the investment manager to the Cyrus Funds, with respect to the shares of Common Stock and shares of Common Stock issuable upon exercise of warrants directly held by the Cyrus Funds. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." The filing of this statement should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein. The principal business address of each of the Reporting Persons is 65 E. 55th Street, 35th Floor, New York, New York 10022. CCP is a Delaware limited partnership. CCP GP is a Delaware limited liability company. Mr. Freidheim is a United States citizen. N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 24,575,014 shares of Common Stock outstanding as of May 28, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the Securities and Exchange Commission on May 30, 2025, and assumes the exercise of the warrants held by the Cyrus Funds. 8.6% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Y N See Item 2(a). Cyrus Polaris LLC, a Cyrus Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the shares of Common Stock. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1: Joint Filing Agreement Cyrus Capital Partners, L.P. /s/ Stephen C. Freidheim 08/14/2025 Cyrus Capital Partners GP, L.L.C. /s/ Stephen C. Freidheim 08/14/2025 Stephen C. Freidheim /s/ Stephen C. Freidheim 08/14/2025