Spirit Airlines cancels Airbus order in bankruptcy settlement with AerCap

Irish aircraft lessor AerCap is taking over a commitment to buy 52 Airbus planes after US airline Spirit rejected its commitment to the purchase

In late August, AerCap unexpectedly terminated the lease agreements for 36 new Airbus A320neo family jets that were scheduled for delivery to Spirit between 2027 and 2028. File photo: AP/Chris O'Meara

Irish aircraft lessor AerCap is taking over a commitment to buy 52 Airbus planes, along with its options for 10 others, after US airline Spirit rejected its commitment to the purchase.

This three-way agreement is part of a dispute settlement between Spirit and AerCap, which was approved by the US Bankruptcy Court for the Southern District of New York.