Old 08-13-2025 | 11:38 AM
  #1138  
FriendlyPilot
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Originally Posted by EAFF95
Per the latest 10Q, Spirit has no un-encumbered aircraft.
The planes that they said they were selling in December that fell through are still on the books, so they haven't sold. Also they were more than 50% encumbered, and so the $500M sale price wasn't net cash but was only going to net about $200M in the transaction.
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