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Spirit Airlines has received approval from the US Bankruptcy Court for the Southern District of New York to proceed with the sale of 23 Airbus A320ceo and A321ceo aircraft to GA Telesis. The decision, announced by GA Telesis on December 18, follows a previous court approval for an initial batch of five aircraft earlier in December.
The transaction is part of Spirit's broader strategy to optimize its fleet and improve liquidity. It involves selling 15 Airbus A320 and eight Airbus A321 aircraft, which will allow Spirit to streamline operations while accelerating restructuring efforts. "The agreement...involves the sale of 15 Airbus A320 and 8 Airbus A321 aircraft to GA Telesis," stated a company spokesperson.
Marc Cho, President of LIFT at GA Telesis, expressed satisfaction with the court's decision. He noted that the collaboration among stakeholders was crucial and emphasized support for Spirit as it navigates Chapter 11 proceedings.
