Spirit Airlines stock faces a USD 668.10 million aircraft sale

Spirit Airlines (US8485771021) is facing a USD 668.10 million aircraft sale as its bankruptcy liquidation advances. According to Bloomberg Law on September 23, 2026, a US bankruptcy court approved the sale of 27 aircraft to two buyers. The transaction shifts attention from airline operations to creditor recovery and asset disposal.

Aircraft sale divides the proceeds

Save 2026-B LLC will acquire 23 aircraft for USD 567.40 million, according to Bloomberg Law. The buyer is controlled by holders of Spirit's equipment notes, so much of that consideration represents a credit bid against secured debt rather than equivalent new cash for the estate.

FTAI Aircraft Leasing Bermuda will purchase four aircraft for USD 100.70 million in cash. The split gives creditors a route to recover value from collateral, while the cash portion enters the bankruptcy estate for distribution under the applicable priority structure.

Operations have ended

Spirit stopped passenger operations on May 2, 2026, and the carrier's remaining assets are now being monetized through court-supervised sales. Yahoo Finance reported on September 27, 2026, that the aircraft transaction was among the most valuable property still available for liquidation.

For holders of the former SAVE security, the key distinction is between asset-sale value and equity recovery. The USD 668.10 million headline amount combines a USD 567.40 million creditor-controlled purchase with USD 100.70 million in cash, and the aircraft proceeds remain subject to higher-priority claims before any distribution could reach equity holders.

OTC listing follows the wind-down

Spirit Airlines stock is identified as SAVEQ on OTC Markets, where the security is associated with the airline's post-bankruptcy trading status. Investing.com identifies the security with ISIN US8485771021 and the OTC Markets listing.

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