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Spirit's Crash: Irish Lessors' Fleet Fallout
Published 1 week ago
Description
Spirit Airlines collapse leaves Irish lessors like Aercap and SMBC Aviation Capital in the lurch, with a significant stake in the airlines fleet of 144 aircraft worth $7 billion. Despite the airlines bankruptcy, these lessors, who own the planes outright, can repossess assets and potentially pivot quickly in the shaky aviation market.
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