Aircraft Demand: Airline Distress & Consolidation News

ch-aviation • Daniel Martinez Garbuno

Court OKs Spirit's DIP financing and lease rejections to keep carrier operating

A bankruptcy court approved debtor-in-possession financing and the rejection of multiple lessor leases, allowing Spirit Airlines to continue flying while it completes Chapter 11 restructuring. Reports cite a facility of up to $475 million with a $200 million immediate draw, and AerCap will assume certain cancelled Airbus orders after Spirit rejected dozens of leases.

2025-10-10T12:14:23.115307-07:00

AeroTime

Avi8 completes business plan, begins FAA certification to relaunch Pan Am as U.S. scheduled carrier

2025-10-10T02:08:44.069312-07:00

AeroTime

Iceland’s PLAY collapses, suspends operations and declares bankruptcy; ~400 jobs lost, fleet to be reallocated

2025-09-29T02:54:13.066931-07:00

Reuters

Spirit to Reject 87 Leases, Retire Nearly Half Its All‑Airbus Fleet in Chapter 11

2025-10-03T11:36:15.471560-07:00

Aircraft Demand: Airline Distress & Consolidation News Timeline

ch-aviation

Bankrupt Icelandic carrier PLAY hit with $28m emissions‑fee liability and fine Bankrupt Icelandic carrier PLAY faces a roughly $28 million emissions‑fee liability and related fine as its insolvency is processed. The enforcement claim increases the pool of creditor liabilities and will factor into the timing and economics of fleet reallocation and route exits.

2025-10-13T04:32:44.301968-07:00

Bankrupt Icelandic carrier PLAY hit with $28m emissions‑fee liability and fine

ch-aviation

Air Zimbabwe offers its two Boeing 777s for sale amid financial strain Air Zimbabwe has listed both of its Boeing 777 widebodies for sale as it confronts acute financial strain, seeking immediate liquidity and to cut operating costs. The decision removes the carrier's primary long‑haul assets and underscores rapid contraction of its fleet and international services.

2025-10-13T01:44:31.548885-07:00

Air Zimbabwe offers its two Boeing 777s for sale amid financial strain

Financial Express

Verijet, 13th‑largest US private jet operator, files Chapter 7 and halts all flights after CEO's death A 13th‑largest US private jet operator, Verijet filed for Chapter 7 bankruptcy and immediately halted all flights after the death of its CEO, leaving customers and charter clients in limbo. The liquidation filing initiates asset sales and ends prospects for restructuring, effectively terminating ongoing services.

2025-10-12T20:40:43.371092-07:00

Verijet, 13th‑largest US private jet operator, files Chapter 7 and halts all flights after CEO's death

ch-aviation

Akasa Air co-founder resigns amid mounting growth challenges at Indian carrier Akasa Air's co-founder has resigned as the Indian low-cost carrier faces mounting growth and execution challenges, the airline said. The departure raises questions about leadership continuity at a carrier pursuing ambitious expansion plans, accelerated fleet growth and international route ambitions.

2025-10-12T19:14:18.490210-07:00

Akasa Air co-founder resigns amid mounting growth challenges at Indian carrier

Reuters

❗️

Spirit cancels 52‑aircraft Airbus commitment; AerCap assumes orders and 10 options Spirit Airlines has rejected its commitment to buy 52 Airbus aircraft and declined options on an additional 10 jets as part of a fleet-optimization settlement. Lessor AerCap will take over the orders and options, shifting delivery and financing obligations off Spirit’s balance sheet.

2025-10-10T16:59:59.456261-07:00

Spirit cancels 52‑aircraft Airbus commitment; AerCap assumes orders and 10 options

ch-aviation

❗️

Court OKs Spirit's DIP financing and lease rejections to keep carrier operating A bankruptcy court approved debtor-in-possession financing and the rejection of multiple lessor leases, allowing Spirit Airlines to continue flying while it completes Chapter 11 restructuring. Reports cite a facility of up to $475 million with a $200 million immediate draw, and AerCap will assume certain cancelled Airbus orders after Spirit rejected dozens of leases.

2025-10-10T12:14:23.115307-07:00

Court OKs Spirit's DIP financing and lease rejections to keep carrier operating

ch-aviation

Portuguese government creates committee to oversee TAP Air Portugal privatisation Portugal has formed a government committee to oversee the privatisation of national carrier TAP Air Portugal. The panel will supervise the sale process and serve as the state's central oversight body as authorities advance the reprivatisation programme.

2025-10-10T08:37:19.837537-07:00

Portuguese government creates committee to oversee TAP Air Portugal privatisation

Reuters

❗️

Spirit’s Premium Push Falters — What It Means for Low‑Cost Carriers Spirit Airlines’ attempt to move upscale has failed to arrest its financial decline, underscoring that premium offerings alone cannot offset mounting unit costs, weak leisure demand and aggressive capacity moves by the Big Three. The setback exposes structural limits for ultra‑low‑cost carriers pursuing higher‑yield strategies.

2025-10-10T03:36:49.848890-07:00

Spirit’s Premium Push Falters — What It Means for Low‑Cost Carriers

Create a free account to see more recent Aircraft Demand: Airline Distress & Consolidation stories.