Spirit Aviation Seeking Court Approval to Return 87 Planes (FLYYQ:OTCMKTS)

Spirit Aviation seeking court approval to return 87 planes (FLYYQ:OTCMKTS)

Spirit Aviation (OTC:FLYYQ) plans to return 87 planes to cut costs amid bankruptcy. Learn how this impacts operations and share prices.

Spirit Seeks to Return 87 Airplanes to Lessors Amid Bankruptcy

Spirit Aviation Holdings Inc is seeking court approval to return 87 airplanes to lessors as the low-cost carrier continues to pare down operations following its bankruptcy filing.

Spirit Airlines Shrinking Fleet in 2nd 2025 Bankruptcy

Spirit Airlines is shrinking after its second 2025 bankruptcy to better compete with Delta and United as market dynamics are changing.  CFO Fred Cromer, during a virtual creditor meeting, that the airline will reduce its fleet from 214 to 100  aircraft, a little over half of its fleet.  Fleet Reductions  The carrier  filed a motion in bankruptcy court on October 3rd to reject leases on 87 aircraft, including 19 A320ceo, 65 A320neo, and 3 A321neo…