Spirit Airlines Inc.
10/24/2024 | Press release | Distributed by Public on 10/24/2024 15:15
Regulation FD Disclosure Form 8 K
Item 1.01. Entry into a Material Definitive Agreement.
Aircraft Sale
On October 18, 2024, Spirit Airlines, Inc. (the "Company") entered into a binding term sheet with GA Telesis, LLC ("GAT") for the sale of 23 A320ceo/A321ceo aircraft (the "Aircraft") to GAT for an expected total purchase price of approximately $519 million (the "Sale"). The Aircraft are planned for delivery beginning in October 2024 through February 2025. The Sale is subject to, among other things, the execution of definitive documentation and other customary conditions precedent.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the term sheet, a copy of which will be filed with the Company's Annual Report on Form 10-K.