Spirit Airlines’ Final Airbus Sale Closes Another Chapter in the Carrier’s Turbulent History
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Spirit Airlines' Final Airbus Sale Closes Another Chapter in the Carrier's Turbulent History Spirit Airlines' long and closely watched restructuring saga has reached another major milestone, with a U.S. bankruptcy court approving the sale of the carrier's final 27 Airbus passenger aircraft for approximately $668.1 million. The transaction is effectively the latest step in the liquidation of the once-prominent U.S. ultra-low-cost carrier, which stopped flying in May 2026 after efforts to restructure the business failed. The final aircraft sale also brings Spirit's fleet-disposal process into its closing stages. The aircraft are being divided between two purchasers. Save 2026-B LLC, an entity controlled by holders of Spirit's aircraft-backed notes, will acquire 23 aircraft for $567.4 million. The group consists of 10 Airbus A320ceos and 13 A321ceos. Another four Airbus A321ceos will go to FTAI Aircraft Leasing Bermuda (2026) Ltd., an affiliate of FTAI Aviation, for $100.7 million in cash. The aircraft were generally built between 2015 and 2018 and are powered by IAE V2500 engines. The transaction includes the aircraft, engines, equipment and associated records. There is an important distinction behind the $668 million headline figure. The Save 2026-B transaction involves a substantial credit bid, meaning part of the consideration represents debt being satisfied through the...
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