Spirit Sells Last 27 Airbus Jets In $668 Million Deal

Spirit Airlines finalized the sale of its remaining 27 Airbus jets through an order exercise, completing a significant portion of the airline’s bankruptcy liquidation process. The transaction valued at approximately $668 million was structured as a purchase by six separate entities. These aircraft were primarily A320 family models and represented a substantial reduction in Spirit’s fleet size. This deal concludes a complex phase for Spirit following its financial difficulties and subsequent Chapter 11 filing. Proceeds from this sale will contribute to satisfying creditors during the ongoing wind-down operations.