Spirit Aviation Holdings confirmed it is seeking authorization from the Chapter 11 bankruptcy court to sell thirteen A320-200s and seven A321-200s to raise at least €493m. An auction is scheduled for 20 April 2026 with a bidding deadline of 1 April and CSDS Asset Management LLC as the stalking horse buyer. The sale targets a single buyer to maximise value for the debtors’ estates.
The ultra-low-cost carrier owns forty-eight Airbus aircraft and plans to emerge from restructuring with 94 narrowbodies twenty-eight owned and sixty-six leased. The aircraft were previously part of a failed sale to GA Telesis in October 2024 with only three removed. Delivery occurs in five lots in as-is condition with faults.
The transaction supports fleet optimisation and cost reduction in labour maintenance storage and operations. Chief Financial Officer Fred Cromer highlighted the importance of maximising estate value through the process and said that the move aligns with Spirit’s revised business plan.
Fred Cromer shared in a written statement “the sale of all aircraft to a single buyer is critical to maximising value for the debtors estates.”
