ARC NEWS
Spirit Airlines Seeks Court Approval for Sale of 27 Airbus Aircraft as Bankruptcy Asset Liquidation Continues
July 07, 2026
Spirit Airlines has applied to the US Bankruptcy Court for approval to sell a further 27 owned Airbus aircraft (17 A321ceos and 10 A320ceos) as part of its ongoing asset liquidation following bankruptcy. The proposed sale, expected to generate a minimum of approximately US$630 million, combines US$421 million in cash with a US$209 million credit bid from secured noteholders, significantly reducing the airline's outstanding debt. The aircraft will be sold through a court-supervised auction process, with a stalking-horse bidder establishing the minimum purchase price. An auction is scheduled for 9 September 2026, with closing expected by 30 September 2026. This follows the previously approved sale of 20 aircraft and reflects Spirit's continued strategy of monetising its remaining fleet to maximise recoveries for creditors and wind down its remaining assets.


Air India Markets Six Airbus A319 Aircraft for Sale
July 07, 2026
Air India has appointed aircraft asset specialist Skytech-AIC to market the sale of six Airbus A319ceo aircraft as part of its ongoing fleet rationalisation programme. The aircraft, built between 2003 and 2006, are being sold without their CFM56-6B engines and are available immediately. Two aircraft are currently in storage while the remaining four remain in service. Originally delivered to Indian Airlines before its merger with Air India in 2007, the sale follows Skytech-AIC's successful disposal of Air India's Boeing 747-400 fleet in 2025 and reflects the airline's continued focus on modernising its fleet and optimising legacy assets.


EasyJet Takeover Developments
July 06, 2026
EasyJet has indicated it is willing to recommend Castlelake's improved takeover proposal, which values the airline at over £5 billion (£6.90 per share), subject to a formal offer and satisfactory due diligence. The revised bid addresses previous concerns over financing and regulatory structure, although significant regulatory and ownership hurdles remain. Castlelake has until 3 August to submit a firm offer, with the proposed acquisition reflecting the strong underlying value of EasyJet's fleet, airport slots and long-term growth strategy.


LOG ON

CONTACT
SGS Aviation Compliance
ARC Administrator
SGS South Africa (Pty) Ltd
54 Maxwell Drive
Woodmead North Office Park
Woodmead
2191
South Africa

Office:   +27 11 100 9100
Direct:   +27 11 100 9108
Email Us

OFFICE DIRECTORY
Find SGS offices and labs around the world.
The ARC is a mobile friendly website.