US’s Spirit Airlines secures Pratt & Whitney compensation
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US’s Spirit Airlines secures Pratt & Whitney compensation
Spirit Airlines (NK, Fort Lauderdale International) has reached a monthly credit agreement with International Aero Engines (IAE), an affiliate of Pratt & Whitney, as compensation for its ongoing engine recalls and accelerated inspections of the PW110G-JM engines powering its fleet. The estimated impact of the agreement on Spirit’s liquidity is currently expected to be between USD150 million and USD195 million, primarily determined by the number …
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