Spirit has canceled a large portion of its Airbus aircraft order book as part of its ongoing Chapter 11 restructuring, according to court documents filed in New York. Under an agreement approved by the bankruptcy court, the carrier will terminate its order for 52 Airbus aircraft and give up options for 10 more. The deal forms part of a broader settlement with aircraft leasing company AerCap, which had financed or managed a portion of Spirit's future deliveries. In exchange, AerCap will make… (www.msn.com) More...
