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Spirit Air Sells Jets to Boost Cash
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 Agrees to Sell 23 Planes
The airline said capacity fell 1.2% during the recent quarter and estimates fourth-quarter capacity will be down 20% compared with last year’s quarter.
AeroTime
48m
Airbus looks to increase staff in India to over 5,000 as new HQ opens in Delhi
Airbus plans to increase its workforce by 5,000 staff members in India plus source services and components worth $2 billion ...
Hosted on MSN
10h
Aviation analyst: Airbus doesn't benefit from Boeing strike
Union workers rejected a deal from Boeing late Wednesday night. The move will prolong the six week strike as 33,000 ...
Vietnam Investment Reviev
22m
GA Telesis Signs Definitive Purchase Agreement to Acquire 23 Airbus A320ceo and A321ceo Aircraft from Spirit Airlines
GA Telesis, LLC, a global leader in commercial aviation and aerospace solutions, today announced it has signed a definitive ...
abp LIVE
4h
Now Hiring! Airbus Plans To Hire 5,000 Employees In India In Next Few Years
Currently, the aircraft manufacturer directly employs approximately 3,500 people in India and sources services and components ...
5d
Airlines are falling in love again with the Airbus A380. Here's everywhere the world's largest passenger jet is set to fly this winter.
Emirates is the biggest Airbus A380 operator with almost 120 jets serving 48 destinations. Maps and lists show everywhere the ...
8d
on MSN
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 ...
The Leader
1h
Airbus and Holywell meet in top-three Cymru North match-up
HOLYWELL TOWN boss Johnny Haseldin says his side is committed to making a return to form ahead of tonight’s big Flintshire showdown away ...
Opinion
Aviation Week
11h
Opinion
Opinion: Why Airbus And Boeing Must Develop New Widebodies
The arrival of twin-aisle passenger aircraft changed the world a half-century ago, but widebodies seem to have fallen out of favor in recent years. Both Airbus and Boeing are signaling that they do ...
8d
on MSN
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 ...
Hydrogen Fuel News
4d
Airbus’s Hydrogen Vision is Looking to Transform Airports and Aircraft
Airbus Strengthens Hydrogen Initiatives with Strategic Collaborations In a significant move towards advancing hydrogen ...
8d
on MSN
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 ...
3h
2 American Airlines Airbus A319s Experience Inflight Engine Issues On The Same Day
On October 23, two of American Airlines narrowbody planes operating domestic services faced technical issues, resulting in ...
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