Spirit Airlines’ (SAVE) said on Friday it will get a monthly credit from International Aero Engines through the end of 2024 as compensation for Spirit being unable to use aircraft with engine issues, according to Reuters. The carrier said in a filing with the U.S. Securities and Exchange Commission the agreement would boost liquidity by between $150M and $200M. The engine maker is an affiliate of RTX‘s (RTX) Whitney.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTX:
