Court Approves Spirit Airlines' Sale of 23 Airbus Aircraft: A Strategic Move Amid Restructuring
In a significant development for the aviation industry, the United States Bankruptcy Court for the Southern District of New York has granted definitive approval for Spirit Airlines to sell 23 Airbus A320 and A321 aircraft to GA Telesis. This decision marks a crucial step in Spirit Airlines' ongoing restructuring efforts, aimed at optimizing its fleet and improving liquidity.
By Aditya M