‘Unexpected’ Lease Dispute Pushes Spirit Into Bankruptcy
In a court filing, the airline says it had ‘no choice’ after its largest lessor terminated leases on 36 future aircraft and declared default on 37 more.
In a court filing, the airline says it had ‘no choice’ after its largest lessor terminated leases on 36 future aircraft and declared default on 37 more.
Over time, Boeing could lose out on global market share, largely confining itself to only the U.S. market, Kelly explained.
In addition, the carrier is no longer a member of the Regional Airline Association. Silver had just rejoined the trade group in 2022.
On Wednesday, Flair Airlines — the trending Canadian ultra low-cost carrier — announced that it would be filing a $50 million CAD ($36.4 million) lawsuit against a lessor that claimed the carrier had failed to make payments on one of its aircraft last week. The lawsuit against Airborne Air Capital — an Ireland-based lessor — was filed […]