Spirit Airlines to Buy 100 Airbus 320 NEO’s
02-10-2020, 02:30 PM
#22
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https://www.airbus.com/newsroom/pres...-aircraft.html
"U.S.-based Spirit Airlines has finalized a purchase agreement with Airbus for 100 A320neo Family aircraft. In October, the two parties had signed and announced a memorandum of understanding (MoU) for the purchase of up to 100 of the aircraft – a mix of A319neo, A320neo, and A321neo – to meet the airline’s future fleet requirements."
02-10-2020, 03:33 PM
#23
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On the 2019 Q3 investor call it was stated that they reserve the right to option up to XLRs or option down to A220s if they feel the need but said that it would be unlikely... so no XLRs as of now unless something changes
02-10-2020, 04:01 PM
#25
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02-10-2020, 04:24 PM
#26
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No prob. This is a quote from the investor call:
Mike, this is Scott Haralson. Yes, quick comment on the conversion component. We did in this order 319s, 320s and 321s, so the 320 family. However, we do have conversion rates up and down the spectrum of what Airbus offers through the 19, 20, and 21 as well into the 220 if we would like to do that. That's just a mechanism, and the contract -- not a hint to our desire to do that at all. Our plan is to operate the 320 family of aircraft.
I couldn't find any reference to XLR in the investor call now that I looked for it but I did read it somewhere (sorry can't find it rn) that they can flex up to XLRs too but, again, as of now that's not the plan.
Mike, this is Scott Haralson. Yes, quick comment on the conversion component. We did in this order 319s, 320s and 321s, so the 320 family. However, we do have conversion rates up and down the spectrum of what Airbus offers through the 19, 20, and 21 as well into the 220 if we would like to do that. That's just a mechanism, and the contract -- not a hint to our desire to do that at all. Our plan is to operate the 320 family of aircraft.
I couldn't find any reference to XLR in the investor call now that I looked for it but I did read it somewhere (sorry can't find it rn) that they can flex up to XLRs too but, again, as of now that's not the plan.
02-10-2020, 04:49 PM
#28
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To me it makes sense. Spirit is very opportunistic with new routes. The 319 neo will have the best range in the fleet and allow for the most expansion into underserved route markets, even if they are transcon
02-10-2020, 06:03 PM
#30
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If we got the XLR, it’d be interesting to see how Spirit deploys it.
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