Spirit Airlines’ final Airbus aircraft sold in $421 million bankruptcy deal

Spirit Airlines has concluded its bankruptcy wind-down with the sale of its entire fleet of 27 former Airbus aircraft for a total of $421 million. FTAI Aviation acquired four of these aircraft, designated as engine-lessors, while SuperB bondholders will take possession of the remaining twenty-three planes. This represents the largest asset sale during Spirit's liquidation process. The transaction marks the final step in divesting Spirit’s previously owned assets following a period of significant financial distress. Legal proceedings have now been completed regarding the disposition of this substantial portion of Spirit’s legacy holdings.