Spirit Airlines secures US$475 million financing package to drive restructuring

Spirit Aviation Holdings, Inc., the parent of Spirit Airlines, is pressing forward with its Chapter 11 restructuring efforts, setting out a series of measures designed to stabilise operations and reshape the airline for the years ahead. Speaking before the U.S. Bankruptcy Court for the Southern District of New York, the company detailed fresh financing arrangements, […]

Spirit Airlines secures US$475 million financing package to drive restructuring Read More »

Spirit Airlines parent company files for Chapter 11 restructuring

Financial

Spirit Aviation Holdings, the parent company of Spirit Airlines, has voluntarily entered the Chapter 11 restructuring process in the United States in a move aimed at strengthening its long-term financial position. The company said the decision was taken to establish a more secure foundation for future growth. Chapter 11 is a court-supervised process that enables

Spirit Airlines parent company files for Chapter 11 restructuring Read More »

Spirit Airlines’ John Kirby to retire after 40-year aviation career

People

Spirit Airlines has confirmed that John Kirby, Vice President of Network Planning, will retire at the end of this month. His decision closes a career that has lasted more than four decades in aviation. The airline expressed deep gratitude for his work. Rana Ghosh, Senior Vice President and Chief Commercial Officer, praised Kirby’s leadership and

Spirit Airlines’ John Kirby to retire after 40-year aviation career Read More »

Dave Davis takes helm at Spirit Airlines

People

Spirit Aviation Holdings, parent company of Spirit Airlines (Spirit), has announced the appointment of Dave Davis as its new President and Chief Executive Officer, effective April 21, 2025. Davis will also join the company’s Board of Directors. He arrives from Sun Country Airlines, where he served as President, Chief Financial Officer and Board member. His

Dave Davis takes helm at Spirit Airlines Read More »

Spirit Airlines extends wheel and brake partnership with Safran

MRO & Production

Spirit Airlines and Safran Landing Systems have renewed their long-term agreement for the supply and MRO (Maintenance, Repair and Overhaul) of wheels and carbon brakes for the airline’s Airbus A320 fleet. The contract covers both A320ceo and A320neo aircraft currently in service, as well as future deliveries and was signed at MRO Americas in Atlanta,

Spirit Airlines extends wheel and brake partnership with Safran Read More »

Spirit Airlines completes restructuring and strengthens financial position

Financial

Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, has successfully completed its financial restructuring, reducing approximately US$795 million in funded debt and securing greater financial flexibility for long-term growth. The airline now emerges in a stronger position, better equipped to enhance its services and improve profitability. As part of this restructuring, Spirit has received

Spirit Airlines completes restructuring and strengthens financial position Read More »

Spirit Airlines restructuring update: Frontier’s proposal rejected

Financial

Spirit Airlines has provided an update on its restructuring process following a proposal from Frontier Group Holdings, the parent company of Frontier Airlines. On February 4, 2025, Frontier submitted a new restructuring proposal offering Spirit stakeholders US$400 million in second-lien debt and 19% of Frontier’s common equity following a proposed merger. The proposal would eliminate

Spirit Airlines restructuring update: Frontier’s proposal rejected Read More »

US Bankruptcy Court approves Spirit Airlines’ aircraft sale to GA Telesis

Financial

The United States Bankruptcy Court for the Southern District of New York has granted final approval for Spirit Airlines to complete the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. This decision follows the court’s earlier approval on December 7, 2024 for the initial sale of five aircraft, with the latest ruling

US Bankruptcy Court approves Spirit Airlines’ aircraft sale to GA Telesis Read More »

Spirit Airlines has filed for bankruptcy protection

Spirit Airlines files for bankruptcy protection, promises to keep flying

Financial

Spirit Airlines (Spirit), a US budget carrier, has filed for Chapter 11 bankruptcy protection after accumulating over US$2.5 billion in losses since 2020, REUTERS has reported. Despite its financial struggles, the airline has assured customers that operations will continue without disruption, including ticket bookings and loyalty programmes. The airline announced a “restructuring support agreement” backed

Spirit Airlines files for bankruptcy protection, promises to keep flying Read More »

GA Telesis is strengthening its fleet portfolio with the acquisition of 23 Spirit Airways Airbus aircraft

GA Telesis to purchase 23 Airbus aircraft from Spirit Airlines

Aircraft & Engines

GA Telesis, LLC, has signed a definitive purchase agreement for 23 used Airbus A320ceo and A321ceo aircraft from Spirit Airlines. This acquisition marks a significant milestone for GA Telesis, representing the company’s largest transaction involving non-leased aircraft of similar vintages. The aircraft, manufactured between 2014 and 2019, are powered by V2527-A5 and V2533-A5 Select-One™ jet

GA Telesis to purchase 23 Airbus aircraft from Spirit Airlines Read More »

Spirit Airlines secures US$475 million financing package to drive restructuring

Spirit Airlines parent company files for Chapter 11 restructuring

Spirit Airlines’ John Kirby to retire after 40-year aviation career

Dave Davis takes helm at Spirit Airlines

Spirit Airlines extends wheel and brake partnership with Safran

Spirit Airlines completes restructuring and strengthens financial position

Spirit Airlines restructuring update: Frontier’s proposal rejected

US Bankruptcy Court approves Spirit Airlines’ aircraft sale to GA Telesis

Spirit Airlines files for bankruptcy protection, promises to keep flying

GA Telesis to purchase 23 Airbus aircraft from Spirit Airlines

Stay Connected

Subscribe