Plans include $2.5 billion in aircraft deferments, new revenue initiatives, network refinements, and cuts across its cost base including real estate and staff.
Despite Spirit's reliance on leased aircraft, lessor specific exposure to the financially distressed airline is not large enough to raise any red flags.
Boeing is withdrawing its request for a time-limited exemption covering a de-icing system that would have allowed the 737-7 to be certified with a known noncompliance.
With leasing demand still going strong—as illustrated by Turkish Airlines’ latest deal with DAE for 10 Boeing 737-8s—two new leasing ventures have emerged.
A weak or failed Spirit is just as much a threat to price-conscious consumers’ ability to fly and enjoy low fares as a merger with JetBlue Airways would be.
South Africa's government gave up a stake in the flag carrier in 2021 after it added debt and went into bankruptcy, but the airline has been in rebuild mode.
Ryanair CEO Michael O’Leary said the airline would be happy to take over MAX delivery slots from United if the U.S. carrier wants to delay or cancel them.
The Aviation Environmental Labeling Scheme is being developed to give passengers standardized information about the environmental impact of their EU flights.
