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Spirit Airlines close to agreeing major Airbus order: sources

Published 10/23/2019, 10:41 AM
Updated 10/23/2019, 10:43 AM
Spirit Airlines close to agreeing major Airbus order: sources
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(Reuters) - U.S. budget carrier Spirit Airlines (N:SAVE) is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus (PA:AIR), industry sources said.

Such a deal would be the first for the European planemaker since the United States imposed 10% tariffs on some of the planes it offers to U.S. carriers last week, as part of a long-running transatlantic trade dispute over aircraft subsidies.

Airbus declined comment. Spirit, which reports earnings later on Wednesday, did not respond to a request for comment.

A deal of that size would be worth up to $12 billion at the most recent 2018 Airbus list prices, but industry sources say such deals typically involve discounts of at least 50%.

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