Spirit Airlines to sell Airbus planes, cut jobs to boost liquidity
Spirit Airlines (NYSE:SAVE) disclosed plans to sell 23 Airbus planes, scale back flight capacity and cut jobs to boost liquidity. The news sent its shares soaring 9.5% aftermarket on Thursday. The airline plans to sell 23 A320ceo/A321ceo planes to aviation aftermarket services provider GA Telesis for about $519M.
Spirit Air Sells Jets to Boost Cash as Possible Bankruptcy Looms
Spirit Airlines Inc. agreed to sell 23 Airbus SE aircraft for $519 million, giving the budget carrier a much-needed cash boost as it nears a possible bankruptcy filing.
Spirit Airlines shares surge 35% on news of possible merger with Frontier
The company finds itself on the brink of bankruptcy after a failed merger with JetBlue and posting losses in 11 straight quarters.
Spirit conducted new merger talks with Frontier amid potential bankruptcy, reports say
Spirit Airlines is reported to have conducted merger talks with a familiar suitor — Frontier Airlines of Denver. Discussions about a deal, which could come through a bankruptcy proceeding, are in
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
Spirit Airlines Inc. is in talks with Frontier Group Holdings Inc. about filing for bankruptcy to facilitate a takeover by the rival discount carrier, according to people with knowledge of the matter.
Spirit Airlines Stock Jumps on Report of Renewed Bid by Frontier
KEY TAKEAWAYS Spirit Airlines shares are surging in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings is in the early stages of a renewed bid for its rival discount carrier.
Spirit Airlines stock soars 37% because a merger with Frontier might be back on
After a failed attempt at merging with JetBlue (JBLU), ultra-low-cost carrier Spirit Airlines (SAVE) is reportedly turning back to a familiar frenemy.
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Airbus plans to cut up to 2,500 jobs in its defense and space division
Airbus has announced plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business ...
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Airbus Defence and Space unit restructure – up to 2,500 job cuts
Airbus has unveiled plans to restructure its Defence and Space division and reduce up to 2,500 positions by mid-2026.
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Airbus and Toshiba team up to create superconducting aircraft motor
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Airbus’s Hydrogen Vision is Looking to Transform Airports and Aircraft
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Airbus to lay off 2,500 as it tries to turn around its space and defense division
European aircraft maker and Boeing rival Airbus said it's laying off 2,500 workers as it tries to turnaround its struggling ...
Airbus to Cut Up to 2,500 Jobs at Space and Defense Unit
Airbus SE plans to eliminate as many as 2,500 positions at its defense and space division as the European aircraft ...
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On October 23, two of American Airlines narrowbody planes operating domestic services faced technical issues, resulting in ...