A US bankruptcy court has granted approval for Spirit Airlines to proceed with the auction and potential sale of twenty Airbus aircraft as part of its ongoing Chapter 11 restructuring.
The deal covers 13 A320 aircraft and 7 A321 aircraft with CSDS Asset Management serving as the stalking horse bidder at a baseline price of approximately $553.5m equivalent to €497m.
Competing bids must start higher at around $554m million US dollars or €550m with the court supervised auction scheduled for 20 April 2026 and a bidding deadline of one April.
Proceeds from the transaction will help reduce debt and lower operational costs while the airline continues to shrink its fleet to between seventy six and eighty aircraft by the third quarter of two thousand twenty six roughly one third of its pre bankruptcy size.
The sale does not affect current flight schedules since most of the aircraft involved remain out of active service with phase out beginning in April 2026 if the deal closes.
