Overview

• The filing requests rejection of leases on 87 Airbus A320‑family jets, following a separate AerCap deal covering 27 aircraft that would bring the total potential removals to 114 from a pre‑bankruptcy fleet of about 214.
• CFO Fred Cromer told creditors the downsizing would yield hundreds of millions of dollars in annual savings as Spirit exits more than a dozen U.S. markets and trims roughly 40 routes.
• Under the AerCap settlement, Spirit would return 27 aircraft and receive $150 million, with the agreement also resolving a dispute tied to future Airbus deliveries; the court separately approved rejections of 12 airport leases and 19 ground‑handling agreements.
• If approved at mid‑October hearings, aircraft lease rejections would begin taking effect on Oct. 27, 2025, with many affected jets already parked at storage facilities such as Phoenix Goodyear Airport.
• Spirit says it has commitments for up to $475 million in debtor‑in‑possession financing and has begun workforce reductions, including plans to furlough about 1,800 flight attendants and 270 pilots while seeking additional labor cost savings.