Spirit Airlines has received responses from banks and lessors to finance 12 aircraft deliveries through 2018.
The Florida-based low-cost carrier is evaluating the commercial bank debt, sale-and-leasebacks as well as the capital markets for its aircraft funding needs, it confirms.
Spirit will meet with investment banks in the coming weeks on a possible enhanced equipment trust certificate (EETC) transaction for the aircraft, the airline says.
The financing will cover two Airbus A320 family aircraft due in December, as well as the five A320s and five A321s due in 2018.
In the first quarter, Spirit closed a 12-year $228 million secured loan to fund the purchase of one Airbus A320 and five Airbus A321 delivering from June through November.
Spirit chief financial officer Ted Christie previously said that all of its deliveries this year would be financed in the bank market.
The airline will announce earnings on 27 July.
Additional reporting by Edward Russell.
The story was updated reflecting comments from Spirit on the RFP and its funding evaluation process
Source: Cirium Dashboard
