Court Approves Spirit Airlines' Plan to Sell 20 Airbus Jets to Lessor
A US bankruptcy court has granted Spirit Airlines approval to sell 20 aircraft and spare engines to an undisclosed lessor. The deal includes 15 unencumbered Airbus A320-200N and five A321-200 aircraft. This sale is a key component of the airline's strategy to improve its liquidity and financial stability. Spirit Airlines argued in court that the transaction represents a sound business judgment necessary for its ongoing operations. The proceeds will provide the carrier with essential capital as it navigates its financial restructuring.
Official Source: https://www.ch-aviation.com/news/164854-court-nod-for-uss-spirit-to-sell-20-aircraft-to-lessor
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