Spirit Airlines’ Latest Move to Raise Cash: A $519 Million Aircraft Sale
Spirit Airlines is looking for more ways to boost its balance sheet. The aircraft sale would considerably decrease Spirit’s capacity for 2025.
Spirit Airlines Stock Soars Over 17% on Layoffs and Jet Sale News
Spirit Airlines ($SAVE) stock is up over 17.7% in pre-market trading as of writing, after the company announced layoffs and jet sales to save
Spirit Airlines Boosts Liquidity with Aircraft Sale
Spirit Airlines has announced a significant aircraft sale to GA Telesis, expected to boost its liquidity by $225 million by the end of 2025. Despite a planned reduction in capacity due to the sale and engine availability issues,
Spirit Airlines announces layoffs, jet sales as it tries to stay afloat
Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Corp.
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.
Spirit Airlines: From Bankruptcy Rumors To Takeover Talk Tied To Frontier Airlines
Frontier Airlines is revisiting a potential merger with Spirit (SAVE). Read why the acquisition price will likely be much lower than previous offers.
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.
GA Telesis Signs Definitive Purchase Agreement to Acquire 23 Airbus A320ceo and A321ceo Aircraft from Spirit Airlines
GA Telesis, LLC ("GA Telesis"), a global leader in commercial aviation and aerospace solutions, today announced it has signed ...
Flightglobal20h
Struggling Spirit Airlines to sell 23 A320-family jets as passenger capacity craters
Spirit Airlines recently entered a binding agreement to sell 23 of its older Airbus A320-family aircraft to GA Telesis for a ...
Spirit Airlines Raises $519 Million With Sale Of 23 Airbus A320 Family Planes
Spirit Airlines has disclosed that to improve its liquidity, it sold 23 Airbus A320ceo and A231ceo aircraft to GA Telesis, a ...
Spirit Airlines Plans $80 Mln In Annual Cost Reductions, Including Job Cuts, Starting In Early 2025
Spirit Airlines Inc. (SAVE) disclosed in regulatory filing on Thursday that it has identified approximately $80 million in annual ...
Vietnam Investment Reviev8h
GA Telesis
LLC, a global leader in commercial aviation and aerospace solutions, today announced it has signed a definitive purchase agreement and secured the necessary corporate approvals to acquire 23 used ...
abc2717d
GA Telesis Announces Continued Portfolio Diversification with the Acquisition of a Fleet of Three On-lease Aircraft from Avolon
FORT LAUDERDALE, Fla., Oct. 8, 2024 /PRNewswire/ -- GA Telesis, LLC ("GAT") the pioneering leader in integrated aviation services, has completed the acquisition of a three aircraft portfolio from ...
Cargo Facts3d
Podcast: Lessors navigate narrowbody freighter market challenges
Tune in to this week’s “Cargo Facts Connect” to hear from a panel on freighter and engine leasing at Cargo Facts Symposium ...
Vietnam Investment Reviev8h
Spirit Airlines
GA Telesis, LLC, a global leader in commercial aviation and aerospace solutions, today announced it has signed a definitive purchase agreement and secured the necessary corporate approvals to acquire ...