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Spirit Airlines to sell 20 jets, recalls furloughed flight attendants as it grapples with bankruptcy
New York Post· 2026-02-13 15:15
Core Viewpoint - Spirit Airlines is undergoing significant restructuring due to its second bankruptcy in less than two years, which includes selling 20 Airbus jetliners and recalling some furloughed flight attendants to improve its financial situation [1][5][8]. Group 1: Aircraft Sale - Spirit Airlines has reached an agreement to sell 20 aircraft for approximately $533.5 million, with the potential for competing offers starting at around $554 million [7]. - The sale is expected to enhance the company's financial flexibility and will not impact the flight schedule as most of the aircraft are not currently in service [2][3]. - Proceeds from the sale will be used to pay off debt related to the aircraft and contribute to lower operational costs [4]. Group 2: Flight Attendant Recall - The company plans to recall 500 of the more than 1,300 flight attendants who were furloughed in December 2025 due to financial difficulties [8]. - Recalled flight attendants will receive notices on February 12, 2026, and will return to duty based on seniority as per the Collective Bargaining Agreement [9]. - The recall is aimed at addressing operational challenges faced by the airline and is viewed positively by the union representing the flight attendants [10].
Spirit Airlines to sell 20 jets, recalls furloughed flight attendants
Fox Business· 2026-02-12 23:21
Core Viewpoint - Spirit Airlines is undergoing significant restructuring due to financial difficulties, including a second bankruptcy filing and plans to sell aircraft to improve its financial situation [2][3][8]. Group 1: Bankruptcy and Financial Restructuring - Spirit Airlines filed for Chapter 11 bankruptcy protection for the second time in August 2025, following a previous filing in November 2024 and a restructuring completion in March 2025 [2]. - The airline is implementing service cuts and furloughs as part of its restructuring efforts [2]. - The company has formally requested federal bankruptcy court approval to sell 20 Airbus jetliners, which it believes will enhance its financial flexibility [6][7]. Group 2: Aircraft Sale Details - The sale of the 20 aircraft is expected to generate approximately $533.5 million from the first bidder, CSDS Asset Management, with potential competing offers starting at around $554 million [8]. - The aircraft involved in the sale are not currently in revenue service, and the company does not anticipate any changes to its near-term flight schedule or staffing as a result of the sale [3][6]. Group 3: Flight Attendant Recall - Spirit Airlines plans to recall 500 of the more than 1,300 flight attendants who were furloughed in December 2025 due to ongoing financial struggles [10]. - The recall will occur in order of system seniority, with those involuntarily furloughed first [13]. - The union representing the flight attendants views the recall as a positive development to address operational challenges faced by the airline [14].
Airbus jetliner deliveries rose 4% in 2025
Reuters· 2026-01-12 16:51
Core Viewpoint - Airbus deliveries increased by 4% last year, totaling 793 aircraft, positioning the company to maintain its status as the world's largest planemaker despite facing recent industrial challenges [1] Company Summary - Airbus achieved a delivery total of 793 aircraft in the previous year, marking a 4% increase compared to the prior year [1] - The company is on track to remain the leading manufacturer in the global aerospace industry [1] Industry Summary - The aerospace sector is experiencing growth, as evidenced by Airbus's delivery figures, which indicate resilience in the face of industrial snags [1]
Air India in talks with Airbus, Boeing for blockbuster new narrow-body jet order: sources
New York Post· 2025-06-01 22:00
Core Viewpoint - Tata Group's Air India is negotiating a significant new aircraft order, potentially including around 200 additional single-aisle planes, as part of a multi-billion-dollar modernization effort following a record order in 2023 [1][5][6] Group 1: Aircraft Orders - Air India previously placed a record order for 470 planes from both Boeing and Airbus in 2023, along with an additional 100 Airbus jets the previous year [5][9] - The ongoing discussions may involve hundreds of aircraft across various sizes, expanding on earlier talks for large wide-body aircraft [1][6] Group 2: Market Context - The global aviation market is experiencing rapid growth, with India's aviation sector expanding at approximately 7% annually, although infrastructure challenges persist [8] - The International Air Transport Association indicated that Indian airlines are expected to show continued growth, despite facing high fuel costs and taxes [8] Group 3: Competitive Landscape - Boeing is reportedly in a strong position to sell more of its 777X jets in the ongoing negotiations [2] - Air India's modernization plan aims to regain market share lost to competitors, particularly in light of the successful strategies employed by India's largest carrier, IndiGo [6][7]