Spirit Airlines to Receive up to $200 Million for Pratt & Whitney Engine Problems
Skift Take
The compensation could give the struggling Spirit a significant boost to its liquidity.
Spirit Airlines is expecting to receive anywhere from $150 million to $200 million in compensation for grounding some of its planes due to issues with Pratt & Whitney engines.
The carrier said in a regulatory filing on Friday that it entered an agreement with International Aero Engines, an affiliate of Pratt & Whitney, to receive a monthly credit throughout 2024 for the grounded planes.
In July 202
