Spirit Airlines finalizes lease deals for 15 new Airbus aircraft
United States-based ultra-low-cost carrier Spirit Airlines (S64) (SAVE) inked a deal with aircraft leasing company Air Lease Corporation (ALC) on September 8, 2021, to lease and finance 15 new Airbus aircraft.
The deal includes long-term lease placements for ten A321-200neos and sale and leasebacks for five new A320-200neos.
The five A320-200neos are due to be delivered to Spirit Airlines (S64) (SAVE) between 2021 and 2022. The aircraft will be owned and managed by cooperation between ALC and United States-based credit company - Waterfall Asset Management.
The remaining 10 A321-200neo aircraft will be delivered to Spirit between 2023 and 2024 from ALC's order book with Airbus, ALC said in a statement.
“ALC is pleased to announce this transaction for 15 Airbus A320 & A321neos with Spirit Airlines (S64) (SAVE),” said Steven F. Udvar-Házy, the executive chairman of ALC. “Combining sale and leasebacks for near-term deliveries of Spirit's A320neos on behalf of our managed business with direct placement of ten of our A321neos from our orderbook with Airbus will further enhance Spirit Airlines (S64) (SAVE)' overall operations and commitment to maintain a highly competitive, fuel-efficient fleet.”
Spirit Airlines (S64) (SAVE) operates a fleet of 161 aircraft including 27 Airbus A319s, 104 A320s, and 30 A321s.
Embraer partners with Toyota to enhance aircraft production efficiency
Brazilian aerospace manufacturer Embraer signs a partnership with Toyota to enhance its production efficiency. ...
Two planes on the runway! ATC error behind Hong Kong 2017 incident
The Air Accident Investigation Authority of Hong Kong releases its final report on an incident where two jets almost col...
Saudi Arabia launches aircraft lessor to support its aviation growth plans
Saudi Arabia is launching a new aircraft leasing company, AviLease, part of moves to grow its aviation sector ...
Spirit AeroSystems launches Airbus A220 assembly program at its site in Morocco
Spirit AeroSystems, one of the world's largest manufacturers of aerostructures, has launched production of Airb...