The settlement among Spirit, International Aero Engines LLC, and IAE International Aero Engines AG stems from an agreement before the Chapter 11 filing, which provided monthly credits to the airline through 2025 related to grounded aircraft, according to a Wednesday filing in the US Bankruptcy Court for the Southern District of New York.
Court approval would provide the airline with “a sustainable, long-term agreement to service the aircraft engines required to operate their post-reorganization optimized fleet,” ...