Spirit Inks Deal With Airbus To Defer All 2025-26 Deliveries Of Aircraft Orders By Five Years

RTTNews | 260 days ago
Stocktwits
Spirit Inks Deal With Airbus To Defer All 2025-26 Deliveries Of Aircraft Orders By Five Years

(RTTNews) - Spirit Airlines, Inc. (SAVE) announced Monday it reached an agreement with Airbus SE to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.

These deferrals do not include the direct-lease aircraft scheduled for delivery in that period, one each in the second and third quarter 2025, respectively.

The agreement with Airbus will improve Spirit's liquidity position by approximately $340 million over the next two years.

There are no changes to the aircraft on order with Airbus that are scheduled to be delivered in 2027-2029.

As a result of grounded aircraft due to Pratt & Whitney GTF engine availability issues, along with the 2025 and 2026 aircraft deferrals, Spirit announced it intends to furlough approximately 260 Pilots effective September 1, 2024.

The Company said it has been taking, and will continue to take, prudent steps to ensure the strength of its balance sheet and ongoing operations, including assessing options to refinance upcoming debt maturities and bonds.

Tags: SAVE EADSF.PK EADSY.PK
Stocktwits
read more
Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...
RTTNews | 36 days ago
Airbus Wins $24 Bln Order From Cebu Air For Up To 152 Aircraft

Airbus Wins $24 Bln Order From Cebu Air For Up To 152 Aircraft

Aerospace major Airbus SE has received a $24 billion order from Philippines' budget airline operator Cebu Air Inc. for upto 152 A321neo aircraft. In a filing with the Securities and Exchange Commission, Cebu Air, which operates as Cebu Pacific, announced that it has signed a binding Memorandum of Understanding or MOU with Airbus for the aircraft purchase.
RTTNews | 175 days ago
Spirit Aero Stock Up As Boeing To Buy Majority Stake, Airbus Select Assets

Spirit Aero Stock Up As Boeing To Buy Majority Stake, Airbus Select Assets

Aerospace and defence major Boeing Co. has agreed to buy majority of its key supplier Spirit AeroSystems in an all-stock deal at an equity value of around $4.7 billion, or $37.25 per share. The total transaction value is around $8.3 billion, including Spirit's last reported net debt. Boeing's acquisition will include substantially all Boeing-related commercial operations...
RTTNews | 176 days ago
Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.
RTTNews | 320 days ago
Airbus Says Leasing Company Avalon Inks Firm Order For 100 A321neo Aircraft

Airbus Says Leasing Company Avalon Inks Firm Order For 100 A321neo Aircraft

Airbus SE (EADSF.PK) announced Tuesday that aircraft leasing company Avolon (AVOL) has signed a firm order for 100 A321neo aircraft, taking its total order for the A321neo to 190 aircraft. The agreement secures Avolon's delivery pipeline for the world's preferred single aisle Family.
RTTNews | 378 days ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.