Originally Posted by
FriendlyPilot
Its not cash. Its a $150M credit for inspection, removal and replacement of the metal engine parts. So effectively Spirit doesn't have to come out of pocket fully for all this expense and instead some of it is being covered by Pratt. The agreement also removes Aero Systems from any future liability.
this is 100% accurate. Even with the operating losses associated with having these planes back on the line, it would still be more beneficial than these “credits” Pratt is giving us.