Spirit says working with Airbus, trade representatives on tariff impact
Reuters
Published Oct 24, 2019 11:25AM ET
Spirit says working with Airbus, trade representatives on tariff impact
CHICAGO (Reuters) - Spirit Airlines (N:SAVE) said it is working with Airbus SE (PA:AIR) and trade representatives to mitigate the impact of U.S. tariffs on European-made aircraft but does not see a near term impact on its overall cost structure.
Speaking on a conference call, a Spirit executive said its remaining Airbus deliveries for 2019 and its first nine firm orders to be delivered by mid-2020 will come from Airbus' factory in Mobile, Alabama, which is not subject to the tariffs.
The U.S. budget carrier unveiled on Wednesday a provisional deal to order 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S. airline to pick European planes since Washington imposed a 10% tariff.
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Written By: Reuters
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