Bloomberg Law
• James Nani
Google will acquire a large cache of Spirit Airlines’ internal records after winning a bankruptcy auction with a $10 million bid. The data reportedly includes emails, Teams messages, code, operating and pricing records, maintenance histories, and disruption data for product development and AI model training.
Aircraft Demand: Airline Distress & Consolidation
Latest source-backed stories
Peru’s competition watchdog has approved Abra Group’s acquisition of control of SKY Airline following a second-phase review, subject to limits on exclusivity. The decision clears a key regulatory hurdle for the transaction and expands the group that includes Avianca into another Latin American carrier.
High activity
Google will acquire a large cache of Spirit Airlines’ internal records after winning a bankruptcy auction with a $10 million bid. The data reportedly includes emails, Teams messages, code, operating and pricing records, maintenance histories, and disruption data for product development and AI model training.
High activity
An Indian bankruptcy court criticized SpiceJet for reaching a last-minute settlement with one of eight aircraft lessors whose bankruptcy petitions were awaiting rulings. The court said the move wasted judicial time, underscoring continued financial stress at India’s fourth-largest carrier.
High activity
Lufthansa City Airlines is preparing to receive its first A220-300 in November, while airBaltic is reducing its long-term fleet targets and AirAsia plans to return 25 older aircraft to lessors by the end of 2026 before new A220-300 deliveries begin in 2028.
A Hong Kong-based private equity firm has submitted a plan to rescue SriLankan Airlines, potentially opening a new path for the carrier’s ownership, financing and restructuring. The proposal highlights continued investor interest in distressed airline assets and the challenges facing Sri Lanka’s flag carrier.
Norse Atlantic is discussing leases for Boeing 787 Dreamliners with two Asian airlines, according to people familiar with the matter, as the long-haul low-cost carrier faces constrained cash reserves and higher fuel costs. The move could provide liquidity while reducing exposure to its widebody fleet.
Tata Sons Chairman N. Chandrasekaran’s sudden plan to step down is raising concerns about the Indian conglomerate’s commitment to major national-priority projects, including Air India, semiconductor manufacturing and iPhone production. The leadership transition could introduce uncertainty around the group’s continued investment in these strategic businesses.
An affiliate of Boston-based Hill City Capital won Spirit Airlines’ former Dania Beach, Florida, headquarters campus with a $93.25 million bid at an August 11 bankruptcy-court auction. The transaction remains subject to court approval, converting a recently established corporate asset into proceeds for the restructuring process.
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