With the demise of ultra low cost carrier Spirit , the ULCC market is being widely criticized as an obsolete business model and one that can’t compete with the more sophisticated products from the full service airlines. We view the…
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Beleaguered Spirit AeroSystems, which is in financial difficulty prior to the completion of its acquisition by Boeing and spin-off of a portion to Airbus, is selling its Fiber Materials unit. The transaction with Tex-Tech Industries is an all cash deal…
Spirit Airlines has entered Chapter 11 bankruptcy with a preplanned filing that will enable it to continue normal operations while restructuring its debt. In an arrangement with lenders, Spirit will convert debt into equity in the restructured airline to provide…
Spirit and Frontier have resumed merger talks. Prior to JetBlue outbidding Frontier for Spirit, Spirit and Frontier had a plan to merge. Unfortunately, regulators did not approve that proposed merger, and the carrier is back to square one, albeit now in financial…
Reuters reports that Airbus faces delivery challenges because of Spirit Aero’s supplies. The report notes that Airbus has its people on-site at Spirit Aero’s North Carolina facility. The media was briefed on this the night before the Farnborough show. The…