Spirit Airlines signs definitive deal to sell 23 aircraft to GA Telesis for ~$519M, expects $225M liquidity boost

Spirit Aviation Holdings, Inc.

Sold 23 A320ceo/A321ceo aircraft to GA Telesis for ~$519M total price; deliveries through Feb 2025.
Net proceeds plus debt discharge expected to improve liquidity by ~$225M through year-end 2025.
Definitive agreement signed Oct 29, 2024 following binding term sheet announced Oct 24, 2024.
Sale subject to conditions precedent; full purchase agreement to be filed with upcoming 10-K.

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