Steve Segal Quoted in FlightGlobal
March, 2024 - Los Angeles, California
March 29, 2024
By: Howard Hardee
Steve Segal, a mergers and acquisition attorney in Buchalter’s Denver office, believes Spirit has “a pretty decent runway of cash” from sale-leaseback transactions it has recently executed. In December, the company sold and leased back 20 of its narrowbody Airbus jets – and in January, completed transactions for five more aircraft – generating a total of $419 million in cash.
However, the carrier holds significant debts that are set to come due next year. “Unless they get pressured from creditors earlier, then they should have some time,” Segal told FlightGlobal this month. “We’ll see what the summer travel season brings them.”
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