Spirit Airlines close to agreeing major Airbus order: sources
Reuters
Published Oct 23, 2019 10:41AM ET
Spirit Airlines close to agreeing major Airbus order: sources
(Reuters) - U.S. budget carrier Spirit Airlines (N:SAVE) is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus (PA:AIR), industry sources said.
Such a deal would be the first for the European planemaker since the United States imposed 10% tariffs on some of the planes it offers to U.S. carriers last week, as part of a long-running transatlantic trade dispute over aircraft subsidies.
Airbus declined comment. Spirit, which reports earnings later on Wednesday, did not respond to a request for comment.
A deal of that size would be worth up to $12 billion at the most recent 2018 Airbus list prices, but industry sources say such deals typically involve discounts of at least 50%.
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Written By: Reuters
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