A U.S. bankruptcy court judge has signed off on Spirit Airlines’ plan to sell 27 Airbus A320-family aircraft for around $668 million.
According to Bloomberg, 23 of the aircraft will go to an entity controlled by some of Spirit’s bondholders, while the other four will go to an affiliate of FTAI Aviation. FTAI handles aftermarket jet engine repair and maintenance, and also leases aircraft and related equipment.
The 27 aircraft were the most valuable property still on Spirit’s books, according to Bloomberg. The defunct airline has been selling off its remaining assets, including airplanes, equipment, airport gates, and real estate, since going out of business in May.
A small core of about one hundred employees is managing the liquidation.
In August, the company sold its former headquarters in Dania Beach, Florida, for $93 million.
