Spirit Airlines to sell 20 jets, recalls – Business News
Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants furloughed late final yr amid the funds provider’s financial struggles.
Spirit is within the midst of its second chapter in underneath two years after it filed for Chapter 11 chapter safety in November 2024 and accomplished its first restructuring in March 2025.
It filed for chapter a second time in August 2025, which prompted the airline to transfer ahead with service cuts and furloughs.
The company stated promoting the plane will improve its financial state of affairs, and the fleet discount isn’t anticipated to have an effect on its flight schedule if the court docket approves the jetliner gross sales as a result of most of the 20 planes aren’t in service.
“As part of our ongoing restructuring, we have reached an agreement to sell 20 aircraft that have been held for sale for some time. Most of these aircraft are not currently in revenue service,” Spirit stated in a assertion.
Spirit is within the midst of its second chapter in underneath two years after it filed for Chapter 11 chapter safety in November 2024. Markus Mainka – stock.adobe.com
“If approved by the court, this transaction will give us greater financial flexibility. The aircraft involved will be phased out of our fleet starting in April 2026. We do not anticipate any changes to our near-term schedule or staffing as a result of this transaction,” Spirit added.
The company formally requested a federal chapter court docket for approval to proceed with the sale on (*20*).
Income from the transaction would go to paying off debt associated to the plane whereas contributing to decrease operational prices.
It filed for chapter a second time in August 2025, which prompted the airline to transfer ahead with service cuts and furloughs. SPS Media – stock.adobe.com
Reuters reported that the primary bidder is CSDS Asset Management, an aviation asset supervisor that agreed to buy the 20 planes for about $533.5 million.
If permitted, Spirit would search competing affords beginning at round $554 million, in accordance to an settlement with CSDS, and the public sale and sale can be held in April.
Spirit Airlines on Thursday moved to recall 500 of the more than 1,300 flight attendants who have been furloughed in December due to its ongoing financial struggles.
“As we continue to make adjustments to meet the evolving needs of our business, we are issuing recall notices to 500 Flight Attendants who were involuntarily furloughed on Dec. 1, 2025. Recalled Flight Attendants will be sent a notice on Feb. 12, 2026, and those who accept will return to duty in the timeframe detailed in the Collective Bargaining Agreement.”
The Association of Flight Attendants-CWA, the union that represents Spirit flight attendants, stated in a assertion posted to X that they are going to be recalled so as of system seniority, with these involuntarily furloughed first.
“This is good news for 500 Flight Attendants and their families and critical to those of us on the line that have faced a grueling operation over the last two months. The company’s goal in recalling Flight Attendants is to ease some of the operational issues since the furloughs,” the union stated.
The union added it can proceed to press management on scheduling points, entry to healthcare and different advantages, in addition to a dependability coverage and different issues.
