Spirit of NKS
#631
[quote=Sailor;637887]So..And JULY 01 big announcement is.....????
(Feel up the blank)
1) boobs
how long will the plane that landed at DAB be out of commission? any word on the root cause of the smoke?
(Feel up the blank)
1) boobs
how long will the plane that landed at DAB be out of commission? any word on the root cause of the smoke?
#632
Gets Weekends Off
Joined APC: Jul 2008
Position: 320 Left soon middle
Posts: 488
My guess for #3 is: brand new series of Ultra Low Cost Commercials. This time: You can get HIV for $9 at Saturday 4AM, in some real bad hood in MIA or you can fly for $9 to Lima, and do the same thing for $50 in a hotel. Whatever.
#634
[quote=RemoveB4flght;637894]
It was ship N524NK that had the "incident" yesterday. It was NOT listed on the flowsheet for today, July 1st. I was told it was suppose to be back in service tonight...can anyone confirm?
It was ship N524NK that had the "incident" yesterday. It was NOT listed on the flowsheet for today, July 1st. I was told it was suppose to be back in service tonight...can anyone confirm?
#639
In other news...
Spirit to lease four new A320s from AerCap
Brendan Sobie, Miami (30Jun09, 03:16 GMT, 603 words)
Spirit Airlines has accelerated four Airbus A320 deliveries from 2011 to 2010 as part of a three-way deal with Airbus and AerCap.
Speaking to ATI today on the sidelines of the Low Cost Airlines World conference in Miami, Spirit CEO Ben Baldanza reveals the carrier has agreed to lease four new A320s from AerCap that have been ordered by the lessor for delivery in 2010. In exchange, AerCap has taken over four of the six 2011 A320 delivery slots originally assigned to Spirit.
Baldanza says the four 178-seat A320s will allow Spirit to restore most of the capacity it removed last year, when it returned seven A319s to ILFC, leaving it with a fleet of 26 145-seat A319s and two 178-seat A321s.
In addition to cutting capacity, furloughing employees and returning seven aircraft, Spirit dialled back growth last year by deferring all its future aircraft deliveries by about two years. Baldanza says under the revised agreement with Airbus, Spirit, which has 37 A320 family aircraft on outstanding order, was to resume aircraft deliveries in 2011 and subsequently take about six new aircraft per year.
But Baldanza says Spirit decided recently it was ready to resume aircraft deliveries in 2010. He says the first three AerCap A320s will be delivered in the early portion of next year with the fourth aircraft arriving late in 2010.
He says Spirit elected to do the three-way deal with AerCap rather than simply move up four of its own A320 delivery slots because the carrier wanted to avoid paying pre delivery deposits (PDPs). He explains it is hard to secure financing for PDPs in the current capital markets, and with the AerCap deal Spirit doesn't have to worry about this because the lessor has already paid the PDPs.
He says Spirit will be paying PDPs, which are typically due about two years prior to delivery, for its two remaining A320 delivery slots in 2011. He says Spirit is able to cover these with cash but having to cover more PDPs this year with cash would have been too much of a strain on its balance sheet.
For now Spirit is only committed to taking two additional aircraft in 2011 but Baldanza says the carrier may take more if capital markets loosen or it can forge another deal with a lessor similar to the arrangement it has just made with AerCap.
He adds Spirit is hoping capital markets will recover next year in order to facilitate financing for the PDPs on the six to eight aircraft Spirit now plans to take in 2012.
While it expects it will at least initially have to cover some or all of the PDPs for its 2011 and 2012 deliveries, Spirit plans to eventually sell and lease back these aircraft. Baldanza points out that the Florida-based low-cost carrier's entire fleet is now leased, with 17 of its 28 aircraft owned by ILFC.
Until last year ILFC owned 24 of Spirit's 35 aircraft. Baldanza says ILFC was willing to take back seven of these aircraft without early return penalties.
"They saw it as an opportunity to reduce their exposure," he says.
The CEO adds that while there were no early return penalties, ILFC "kept their deposits and reserves" because part of the agreement included the aircraft being returned without a maintenance check.
Baldanza claims negotiating deferrals with Airbus was also not too difficult.
"They recognised we weren't the only ones in the queue asking," he says. "We're an all-Airbus airline. We're one of a few all-Airbus airlines making money. They see us a lot of potential for us. And we're happy with their airplanes."
Source: Air Transport Intelligence news
Brendan Sobie, Miami (30Jun09, 03:16 GMT, 603 words)
Spirit Airlines has accelerated four Airbus A320 deliveries from 2011 to 2010 as part of a three-way deal with Airbus and AerCap.
Speaking to ATI today on the sidelines of the Low Cost Airlines World conference in Miami, Spirit CEO Ben Baldanza reveals the carrier has agreed to lease four new A320s from AerCap that have been ordered by the lessor for delivery in 2010. In exchange, AerCap has taken over four of the six 2011 A320 delivery slots originally assigned to Spirit.
Baldanza says the four 178-seat A320s will allow Spirit to restore most of the capacity it removed last year, when it returned seven A319s to ILFC, leaving it with a fleet of 26 145-seat A319s and two 178-seat A321s.
In addition to cutting capacity, furloughing employees and returning seven aircraft, Spirit dialled back growth last year by deferring all its future aircraft deliveries by about two years. Baldanza says under the revised agreement with Airbus, Spirit, which has 37 A320 family aircraft on outstanding order, was to resume aircraft deliveries in 2011 and subsequently take about six new aircraft per year.
But Baldanza says Spirit decided recently it was ready to resume aircraft deliveries in 2010. He says the first three AerCap A320s will be delivered in the early portion of next year with the fourth aircraft arriving late in 2010.
He says Spirit elected to do the three-way deal with AerCap rather than simply move up four of its own A320 delivery slots because the carrier wanted to avoid paying pre delivery deposits (PDPs). He explains it is hard to secure financing for PDPs in the current capital markets, and with the AerCap deal Spirit doesn't have to worry about this because the lessor has already paid the PDPs.
He says Spirit will be paying PDPs, which are typically due about two years prior to delivery, for its two remaining A320 delivery slots in 2011. He says Spirit is able to cover these with cash but having to cover more PDPs this year with cash would have been too much of a strain on its balance sheet.
For now Spirit is only committed to taking two additional aircraft in 2011 but Baldanza says the carrier may take more if capital markets loosen or it can forge another deal with a lessor similar to the arrangement it has just made with AerCap.
He adds Spirit is hoping capital markets will recover next year in order to facilitate financing for the PDPs on the six to eight aircraft Spirit now plans to take in 2012.
While it expects it will at least initially have to cover some or all of the PDPs for its 2011 and 2012 deliveries, Spirit plans to eventually sell and lease back these aircraft. Baldanza points out that the Florida-based low-cost carrier's entire fleet is now leased, with 17 of its 28 aircraft owned by ILFC.
Until last year ILFC owned 24 of Spirit's 35 aircraft. Baldanza says ILFC was willing to take back seven of these aircraft without early return penalties.
"They saw it as an opportunity to reduce their exposure," he says.
The CEO adds that while there were no early return penalties, ILFC "kept their deposits and reserves" because part of the agreement included the aircraft being returned without a maintenance check.
Baldanza claims negotiating deferrals with Airbus was also not too difficult.
"They recognised we weren't the only ones in the queue asking," he says. "We're an all-Airbus airline. We're one of a few all-Airbus airlines making money. They see us a lot of potential for us. And we're happy with their airplanes."
Source: Air Transport Intelligence news
#640
Banned
Joined APC: Feb 2008
Position: A320 CA
Posts: 501
Well...deliveries are good news.
4 A320's in 2010.
2 A320's in 2011. (possibly more)
6 A320's per subsequent year.
Total of 37 outstanding orders...exactly what BBB told us in recurrent last November. My source told me they are 30 A320's and 7 undisclosed types (A330's??).
Looks like all furloughees should be back by next year.
4 A320's in 2010.
2 A320's in 2011. (possibly more)
6 A320's per subsequent year.
Total of 37 outstanding orders...exactly what BBB told us in recurrent last November. My source told me they are 30 A320's and 7 undisclosed types (A330's??).
Looks like all furloughees should be back by next year.
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