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 […]
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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,
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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
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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
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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
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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
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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
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On April 18, Spirit Airlines has marked the grand opening of Spirit Central, its new corporate campus at Dania Pointe in Dania Beach, Florida. The expansive campus, sprawling over 11 acres, comprises four edifices, including a support centre housing offices, an amenity building, a fresh crew training facility designed for practical training in flight simulators
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Spirit Airlines has struck a deal with Airbus to postpone the delivery of all aircraft slated for the second quarter of 2025 through the end of 2026 to the period between 2030 and 2031. Notably, this deferral excludes the direct-lease aircraft set for delivery during this timeframe, with one each in the second and third
JetBlue and Spirit Airlines have jointly decided to terminate their merger agreement, originally slated for completion by July 24, 2024. Despite both airlines recognising the potential pro-competitive advantages of the merger, practical hurdles in meeting required legal and regulatory approvals led to this mutual decision. Joanna Geraghty, CEO of JetBlue, expressed the initial optimism behind
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