Spirit Airlines Secures $67M Simulator Sale to CAE as Airbus Aircraft Deal Falters
Spirit Airlines has found a buyer for its flight simulators in a deal worth $67 million, pending court approval. The agreement with CAE USA Inc. is part of the airline's strategy to generate liquidity following its failed merger with JetBlue. However, a separate and more significant transaction is facing trouble. A sale-and-leaseback deal for 14 Airbus aircraft has hit a snag after the intended buyer, L1MAX, indicated it could not secure the necessary financing. This development complicates Spirit's efforts to stabilize its financial position. The airline is now seeking court permission to proceed with the simulator sale while navigating the uncertainty of the aircraft deal.
Official Source: https://www.law360.com/articles/2537290/spirit-lands-flight-simulator-buyer-but-aircraft-deal-frays
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