Bankruptcy - VibeWire Magazine

Spirit Airlines Backs Out Of Airbus Order Amid AerCap Dispute

The airline will pass the orders over to AerCap and sign a new agreement for 30 leased jets.

United will step in on over a dozen routes in anticipation of Spirit’s demise.

The airline aims to build a stronger foundation and future through its restructuring process.

The filing comes five months after the carrier emerged from nearly four months of restructuring.

The Bankruptcy Trustee overseeing Silver Airways and Seaborne Virgin Islands, Inc. believes there is no financial way to right both entities.

The Bankruptcy Trustee overseeing Silver Airways and Seaborne Virgin Islands, Inc. believes there is no financial way to right both entities.

The Bankruptcy Trustee overseeing Silver Airways and Seaborne Virgin Islands, Inc. believes there is no financial way to right both entities.

Spirit’s bondholders will assume control under the go-private deal.

The airline expects to complete the process by the first quarter of 2025.

The aircraft are scheduled for delivery between December 19th and April 2025.
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