Spirit Airlines announced Monday that it reached an agreement with Airbus to defer all aircraft deliveries to improve liquidity, adding that it will furlough 260 pilots.
All Airbus planes scheduled for delivery from the second quarter of 2025 to the end of 2026 will instead be delivered between 2030 and 2031. However, that does not include the scheduled direct-lease aircraft deliveries, with one each in the second and third quarter of next year, Spirit said in a news release.
The deferred deliveries are an attempt by Spirit to improve its liquidity by $340 million over the next two years after the European planemaker grounded all aircraft with Pratt and Whitney engines for the duration of 2024 due to a rare manufacturing flaw. Spirit’s announcement also follows the JetBlue and Spirit merger that fell through last month.
“Deferring these
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