Quantcast

Spirit Airlines receives first Airbus A321neo amid financial restructuring

GLOBAL INDUSTRY NEWS
Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
EasyJet pilot Paul Elsworth suspended after flying too close to mountain
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
Brazilian airline Azul to go 'back to basics' after challenging 2024
Airlines cancel flights as air travel to ‘grind to complete halt’ this week ahead of major strike action in Europe
Dramatic moment American Airlines plane diverted to Rome is escorted by fighter jets after mid-air bomb threat
Jetstar Faces Major Backlash as Nationwide System Outage Causes Travel Chaos, Stranding Passengers and Disrupting Flights Across the Australian Airline Industry
Sudden oil supply outages creating turbulence for airline industry
Southwest's layoffs dent its worker-first culture
Abu Dhabi's long-haul carrier Etihad Airways sees record $476 million profit in 2024
Jet2 warns of profits squeeze from rising costs and late bookings
Southwest bends further to activist shareholder Elliott's demands
Downgraded on a flight? Take these simple but important steps to get your money back
Delta Offers Over $2 Million to CRJ Crash Passengers
Boeing Delays Continue for Alaska, Hawaiian
Hong Kong Airlines launches daily Sydney flights
Airline to launch new bunk beds in economy on long-haul flights next year
How Airline Employees Are Coping After Deadly Washington Crash
Major airline reverses in-flight menu change amid outcry
Global Industry News
Spirit Airlines receives first Airbus A321neo amid financial restructuring
Policy
Webp 9d8e4n9zvnq6npvse1f7c4oouh5n
Airbus A380 | Airbus

Spirit Airlines has received its first Airbus A321neo aircraft as part of a sale-and-leaseback (SLB) transaction approved by the bankruptcy court managing the airline's Chapter 11 case. The delivery took place on December 21, with the aircraft traveling from Hamburg Finkenwerder Airport to Keflavik International Airport before reaching Detroit Metropolitan Wayne County Airport.

This addition marks Spirit Airlines' 28th A321neo, joining its fleet of 91 smaller A320neo aircraft. However, approximately 25.2% of these planes are currently inactive due to engine issues. Spirit Airlines' Q3 report highlighted compensation arrangements with International Aero Engines and Pratt & Whitney for grounded aircraft until December 31, 2024.

"The temporary removal of engines from service is expected to continue through at least 2026," according to the company. As of September 30, Spirit had recognized $104.7 million in credits related to these groundings.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
Subscribe
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The SLB transaction was sanctioned by the United States Bankruptcy Court for the Southern District of New York on December 18. "Each and every federal, state and local governmental agency or department shall be, and hereby is, directed to accept any and all documents and instruments necessary and appropriate to consummate the Aircraft [SLB] Transactions contemplated hereby,” stated the court order.

Spirit Airlines plans to receive three more A321neos between February and April 2025 under this arrangement with JSA International. These will be sold immediately after delivery but leased back long-term.

In addition to acquiring new aircraft, Spirit will reduce capacity in 2025 following court approval for selling its older A320ceo and A321ceo models to GA Telesis. By March next year, Spirit anticipates operating fewer weekly flights compared to previous years.

Organizations Included in this History
Simple Flying
More News

Asian airlines address future challenges at Routes Asia Conference 2025

At the Routes Asia Conference 2025, four prominent Asian airlines shared insights into their current challenges and strategic changes they are implementing.

Apr 3, 2025

Delta enhances in-flight Wi-Fi across transatlantic routes and beyond

Delta Air Lines has announced a major enhancement in its connectivity services with the rollout of fast, free Wi-Fi across its transatlantic network, encompassing destinations in Europe, Israel, and West Africa.

Apr 3, 2025

Traveler wins AAdvantage miles refund after Seattle rental car reservation mishap

After a trip from Nashville to Seattle, Jeanette Kronquist encountered an unexpected issue with her rental car reservation.

Apr 3, 2025

FedEx versterkt logistieke mogelijkheden met nieuwe locatie bij Schiphol

FedEx, het grootste exprestransportbedrijf ter wereld, heeft een nieuwe locatie in Amsterdam geopend, waarmee het zijn logistieke capaciteit in Nederland verder uitbreidt.

Apr 3, 2025

Chase Sapphire Preferred's annual fee justified by card benefits and rewards

The Chase Sapphire Preferred Card is under the spotlight for its annual fee of $95, as cardholders and potential applicants weigh the benefits against the costs.

Apr 3, 2025

Eurowings expands services and promotes inclusion with Sunflower network membership

Eurowings is set to enhance its partnership with Smartwings by extending its service network from Prague’s Václav Havel Airport.

Apr 3, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Virgin Galactic unveils high-speed private jet concept reminiscent of Concorde

2

United Airlines' classic Boeing 772s near milestone birthdays amid fleet transitions

3

Lufthansa reports record revenue for 2024 despite operational challenges

4

Spring snowstorm disrupts hundreds of flights at Minneapolis-St. Paul International Airport

5

Increase in USA's Boeing operations for Summer detailed across various international airlines including Korean air and Luftansa