Spirit Airlines to buy 100 Airbus aircraft

Dec. 23, 2019 6:18 PM ETSpirit Airlines, Inc. (SAVE), EADSYEADSY, EADSF, SAVEBy: Carl Surran, SA News Editor24 Comments
  • Spirit Airlines (NYSE:SAVE) says it will buy 100 Airbus (OTCPK:EADSY) A320neo jets to be delivered through 2027, with options to purchase as many as 50 additional aircraft.
  • The purchase agreement finalizes an earlier provisional deal for the aircraft, when Spirit picked European planes even after the U.S. imposed 10% tariffs on some of the planes Airbus offers to U.S. carriers, as part of the long-running trade dispute over aircraft subsidies.
  • The deal could be worth $11B-$12B at list prices, depending on the number of each variant of the A320 single-aisle family chosen, although such deals typically include deep discounts.

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