ARC NEWS
Jet2 Reports Strong Summer Demand as Southern England Expansion Gains Momentum
July 08, 2026
Jet2 has reported continued growth and a positive outlook for summer 2026, with annual revenue increasing 4% to £7.48 billion and passenger numbers reaching a record 20.8 million. Although operating profit declined 2% to £440 million due to higher employment taxes, sustainable aviation fuel (SAF) costs and Gatwick start-up expenses, the airline is seeing strong forward bookings, with summer passenger numbers up 7.1% and load factors exceeding last year's performance. Jet2's strategic expansion into southern England, particularly its new London Gatwick base, has exceeded expectations, prompting plans for further growth. Backed by a substantial order for 146 Airbus A321neos through 2035, the airline is well positioned for long-term expansion, with analysts highlighting its loyal customer base and valuable aircraft orderbook as key competitive strengths.


AJet Expands Fleet with Five Leased Airbus A321neos
July 08, 2026
AJet has agreed to lease five Airbus A321neo aircraft from BOC Aviation, with deliveries scheduled for 2028. Powered by Pratt & Whitney PW1100G engines, the new aircraft support the Turkish Airlines subsidiary's ongoing fleet expansion and modernization strategy. The agreement builds on AJet's existing order pipeline of leased Airbus A320neo-family and Boeing 737 Max aircraft due through 2028, as the carrier continues to strengthen its narrowbody fleet for future growth.


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.


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