Spirit Airlines files for bankruptcy protection, promises to keep flying

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 Central, Spirit Airlines' new corporate campus at Dania Pointe in Dania Beach, Florida

Spirit Airlines unveils new corporate campus at Dania Pointe, Florida

Other News

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

Spirit Airlines unveils new corporate campus at Dania Pointe, Florida Read More »

Spirit Airlines, Airbus reach agreement to defer aircraft deliveries to bolster liquidity

Financial

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

Spirit Airlines, Airbus reach agreement to defer aircraft deliveries to bolster liquidity Read More »

JetBlue and Spirit Airlines have terminated their merger plans

JetBlue and Spirit Airlines abandon merger plans

Financial

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

JetBlue and Spirit Airlines abandon merger plans Read More »

Spirit Airlines reports fourth-quarter net loss of US$183.7 million

Financial

For the fourth quarter 2023, Spirit Airlines (Spirit) reported a net loss of US$183.7 million, excluding special items, adjusted net loss for the fourth quarter 2023 was US$148.7 million. For the fourth quarter 2023, Spirit reported a pre-tax loss of US$228.3 million and a pre-tax margin of negative 17.3%. Adjusted pre-tax loss for the fourth

Spirit Airlines reports fourth-quarter net loss of US$183.7 million Read More »

Federal judge hinders JetBlue’s acquisition of Spirit Airlines

Other News

In a significant legal development, federal judge, William G. Young of the U.S. District Court for the District of Massachusetts, issued a ruling on January 16, that effectively halted JetBlue Airways‘ proposed US$3.8 billion (£3 billion) acquisition of Spirit Airlines. The decision represents a victory for the Department of Justice, which had argued that the

Federal judge hinders JetBlue’s acquisition of Spirit Airlines Read More »

U.S. Department of Justice advocates blocking JetBlue’s US$3.8 billion Spirit Airlines aquisition

Airlines & Routes

In a closely-watched antitrust trial, a U.S. Department of Justice attorney made a compelling case before a federal judge on Tuesday, October 31, urging them to halt JetBlue Airways‘ proposed US$3.8 billion purchase of the ultra-low-cost carrier, Spirit Airlines. According to Reuters news agency, the trial, unfolding in federal court in Boston, is part of

U.S. Department of Justice advocates blocking JetBlue’s US$3.8 billion Spirit Airlines aquisition Read More »

Spirit Airlines posts disappointing third-quarter results

Financial

Spirit Airlines (Spirit) has released its third-quarter 2023 financial results. The company reported a net loss of US$157.6 million, excluding special items; adjusted net loss for the third quarter 2023 was US$149.8 million. For the third quarter 2023, Spirit reported a pre-tax loss of US$203.6 million and a pre-tax margin of negative 16.2%. Adjusted pre-tax

Spirit Airlines posts disappointing third-quarter results Read More »

Spirit Airlines turns to Texas to expand pipeline of professional pilots

Other News

Spirit Airlines is turning to Texas to expand its pipeline of highly-skilled, professional pilots. The carrier released that US Aviation Academy in Denton, Texas, is the latest partner to join the Spirit Wings Pilot Pathway programme. The flight school offers comprehensive pilot training and is conveniently located near one of Spirit’s Pilot crew bases at Dallas Fort

Spirit Airlines turns to Texas to expand pipeline of professional pilots Read More »

Spirit Airlines files for bankruptcy protection, promises to keep flying

GA Telesis to purchase 23 Airbus aircraft from Spirit Airlines

Spirit Airlines unveils new corporate campus at Dania Pointe, Florida

Spirit Airlines, Airbus reach agreement to defer aircraft deliveries to bolster liquidity

JetBlue and Spirit Airlines abandon merger plans

Spirit Airlines reports fourth-quarter net loss of US$183.7 million

Federal judge hinders JetBlue’s acquisition of Spirit Airlines

U.S. Department of Justice advocates blocking JetBlue’s US$3.8 billion Spirit Airlines aquisition

Spirit Airlines posts disappointing third-quarter results

Spirit Airlines turns to Texas to expand pipeline of professional pilots

Stay Connected

Subscribe