GA Telesis Seals a Record $519M Aircraft Acquisition from Spirit
GA Telesis has marked a historic milestone with its largest-ever acquisition of non-leased aircraft. The company received bankruptcy court approval on December 18, 2024, to purchase 23 Airbus A320ceo and A321ceo aircraft from Spirit Airlines. The deal, valued at $519 million, involves 15 A320s and 8 A321s manufactured between 2014 and 2019.
This transaction signifies a significant milestone in Spirit Airlines’ restructuring process following its Chapter 11 bankruptcy filing in November 2024. “We are thrilled to announce this significant acquisition, which adds a large number of highly sought-after Airbus aircraft to our portfolio,” said Marc Cho, President of GA Telesis LIFT Group.
The aircraft, powered by V2527-A5 and V2533-A5 Select-One jet engines, will be marketed to GA Telesis’ global customer base for continued commercial airline operations. This strategic move significantly strengthens the company’s fleet portfolio to meet the increasing global demand for narrow-body aircraft.