Spirit Airlines to sell 23 Airbus planes to add $519M to balance sheet
Spirit Airlines has agreed to sell 23 Airbus A320 family aircraft which will add a much-needed $519M to its balance sheet.
Spirit Airlines to sell Airbus planes, cut jobs to boost liquidity
Spirit Airlines (NYSE:SAVE) disclosed plans to sell 23 Airbus planes, scale back flight capacity and cut jobs to boost liquidity. The news sent its shares soaring 9.5% aftermarket on Thursday. The airline plans to sell 23 A320ceo/A321ceo planes to aviation aftermarket services provider GA Telesis for about $519M.
Spirit Airlines to Trim Workforce, Sell Aircraft to Help Shore Up Liquidity
The airline said capacity fell 1.2% during the recent quarter and estimates fourth-quarter capacity will be down 20% compared with last year’s quarter.
Spirit Airlines is selling planes to net $500 million in extra cash
Spirit Airlines is looking to shore up extra cash where it can as it faces bankruptcy rumors. The ultra-low-cost carrier said in a regulatory filing Thursday that it has entered i
Spirit Airlines Stock Jumps on Job Cuts, Plane Sales
KEY TAKEAWAYS Spirit Airlines shares are surging 12% in premarket trading Friday after the discount carrier said it plans to cut jobs and sell some planes as it tries to shore up its finances.The company said that as part of its plans "to return to profitability,
Spirit Airlines is selling planes to rustle up $500 million in extra cash
Airbus Fuselages Used In French Stadium Reconstruction
When it came time for a design for a renovated stadium at Stade de la Meinau in Strasbourg, France, to take flight, old ...
Startup CEO shares his plan for a radical 'blended wing' jet to rival Boeing and Airbus
Natilus' design for a "blended-wing" concept combines the wing and fuselage to increase efficiency. Imagine a B-21 bomber ...
Airbus plans to cut up to 2,500 jobs in its defense and space division
Airbus has announced plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business ...
Airplane Maker Airbus Plans To Hire 5000 Direct Employees In India
In an ambitious expansion, Airbus announced plans to scale up its operations in India, projecting over 5,000 direct employees ...
Airlines are falling in love again with the Airbus A380. Here's everywhere the world's largest passenger jet is set to fly this winter.
Emirates is the biggest Airbus A380 operator with almost 120 jets serving 48 destinations. Maps and lists show everywhere the ...
Aviation Week9h
BWB Startup Cites Airline Support To Take On Airbus, Boeing
BWB Startup Cites Airline Support To Take On Airbus, Boeing is published in Aerospace Daily & Defense Report, an Aviation ...
abp LIVE14h
Now Hiring! Airbus Plans To Hire 5,000 Employees In India In Next Few Years
Currently, the aircraft manufacturer directly employs approximately 3,500 people in India and sources services and components ...
Airbus to lay off 2,500 as it tries to turn around its space and defense division
European aircraft maker and Boeing rival Airbus said it's laying off 2,500 workers as it tries to turnaround its struggling ...
Flightglobal4d
New Airbus-commissioned reports highlight heightened role for business jets
Business aviation's annual contribution to the US economy is expected to climb by over $50 billion within five years, ...
New Atlas2d
Airbus and Toshiba team up to create superconducting aircraft motor
Making a virtue out of necessity, Airbus is joining forces with Toshiba to develop a super-efficient superconducting motor for aircraft that uses the liquid hydrogen that supplies the electricity to ...
Qantas Reveals Next Generation Airbus A330 Cabin Upgrades
Qantas is breathing new life into ten Airbus A330-200s by upgrading the economy cabin with the seats it will use on its A350s ...