Spirit just announced a big purchase. The discount carrier has entered into a deal with Airbus to purchase 100 A320neo family jets. Spirit's deal with Airbus also gives the carrier the option to purchase an additional 50 aircraft. The deal leaves room for Spirit to purchase a mix of A319neo, A320neo and A321neo models based on the carrier's future fleet requirements. Insiders estimate that the deal between Spirit and Airbus is worth somewhere around $12 billion.
Travelers may have to wait a while before they can fly in the new A320neo aircraft being added to Spirit's fleet. The planes are scheduled to be delivered through 2027. Spirit already has some big plans for its new planes. The budget carrier has announced that the aircraft it has ordered from Airbus will be used to support expansion into new networks throughout the United States, the Caribbean and Latin America. You may recall hearing back in the fall that Spirit plans to introduce direct flights to Cancún from five cities in the United States beginning in February.
The new models in the A320 family will reduce fuel burn by 20 percent. In addition, these ultra-quiet planes are expected to reduce noise by about 50 percent when compared to aircraft from the previous generation. Planes in the A320 family also feature the widest single-aisle cabins in the industry.
To say that Airbus is having a banner year is an understatement. The manufacturer had received more than 6,600 orders from more than 100 customers around the world by September of 2019. Of course, Spirit isn't new to the Airbus bandwagon. Spirit currently operates a fleet that consists entirely of Airbus jets.