Bankrupt Carrier Plans To Sell 20 Aircraft In Court Supervised Process

Spirit Airlines, operating under Chapter 11 protection, has asked a New York bankruptcy court to approve a plan to auction 20 Airbus jets in a court-supervised process. The sale, which covers 13 A320 and seven A321 aircraft, aims to help the carrier shrink its fleet, cut costs, and strengthen its financial position. The proposed sale sets a floor price at $533.5 million and could lead to a formal bidding process in April 2026. According to AeroTime, the airline has identified CSDS Asset Management as the stalking horse bidder, and the court will decide whether to approve Spirit’s bidding procedures and timeline.