Spirit Airlines Says Inked Binding Term Sheet On October 18, 2024, With GA Telesis For Sale Of 23 A320ceo/A321ceo Aircraft For Expected Total Of $519M
Portfolio Pulse from Benzinga Newsdesk
Spirit Airlines has signed a binding term sheet with GA Telesis for the sale of 23 A320ceo/A321ceo aircraft, expected to total $519 million. Deliveries are planned from October 2024 to February 2025, pending final documentation and conditions.
October 24, 2024 | 9:26 pm
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Spirit Airlines has entered into a $519 million agreement with GA Telesis to sell 23 aircraft, potentially impacting its asset base and revenue stream.
The sale of 23 aircraft for $519 million is a significant transaction for Spirit Airlines, likely to positively impact its financial position by increasing liquidity and potentially reducing operational costs associated with these aircraft. The deal's completion is contingent on final documentation, but the announcement itself is a positive signal to investors.
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