Spirit Airlines Gains IAE Support Amid GTF Issues

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Spirit Airlines (US) has entered into a pivotal agreement with International Aero Engines (IAE) that will see IAE provide monthly credits through the end of 2025 to mitigate the financial impact of the GTF engine issues that have plagued Spirit’s operations. This move is expected to partially offset an estimated liquidity impact of $150-195 million, giving the airline critical breathing room to manage…

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Spirit Airlines CEO Ted Christie Steps Down; Interim Office Formed

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Spirit Airlines, the U.S.-based ultra-low-cost carrier, has announced that CEO Ted Christie is stepping down from his role. While a formal search is underway for his successor, the company has established an interim office of the CEO to manage day-to-day operations and executive oversight.