Spirit Airlines cancels Airbus order in settlement with AerCap

Core Insights - Spirit Airlines will not proceed with its commitment to purchase 52 Airbus planes and will also forgo options for an additional 10 aircraft [1] - The aircraft orders will be transferred to aircraft lessor AerCap [1] Company Actions - Spirit Airlines is making a strategic decision to optimize its fleet by rejecting the purchase of new aircraft [1] - The decision indicates a shift in the company's approach to fleet management and procurement [1] Industry Implications - The transfer of aircraft orders to AerCap highlights the role of aircraft lessors in the aviation industry, especially during times of fleet optimization [1] - This move may reflect broader trends in the airline industry regarding fleet management and financial strategies [1]