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spirit airlines sells 23 aircraft for cash amid bankruptcy concerns
Spirit Airlines Inc. has agreed to sell 23 Airbus SE aircraft for $519 million, providing a crucial cash infusion as the airline faces potential bankruptcy. The sale is expected to enhance Spirit's liquidity by approximately $225 million through the end of 2025, following the elimination of related debt. Deliveries to the buyer, GA Telesis LLC, are scheduled to occur by February.
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