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Spirit Airlines Buys 30 More Airplanes from Airbus.


All Aircraft to be Powered by IAE IAE Institut d'Administration des Entreprises (France)
IAE International Aero Engines
IAE Impuesto de Actividades Económicas
IAE In Any Event
IAE Integrated Acquisition Environment
IAE Inflatable Antenna Experiment
 Engines

FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- Spirit Airlines has purchased 30 additional Airbus A319 aircraft, with new deliveries beginning in 2009 and continuing through 2013.

When combined with Spirit's existing all-Airbus fleet and current orders, this new order would grow the airline's fleet to 70 aircraft. The aircraft will be powered by V2500 engines from International Aero Engines IAE International Aero Engines AG is a Zürich-registered joint venture manufacturing company formed in 1983. Ownership
Current shareholders are:
  • Pratt & Whitney of the USA (32.5%)
  • Rolls-Royce plc of the UK (32.
 (IAE). In addition, Spirit has agreed to purchase eleven spare engines from IAE to support its existing and newly ordered Airbus fleet.

"Spirit's new business model and low cost structure are anchored by the efficiency of the Airbus single-aisle aircraft and the V2500 powerplant," said Ben Baldanza, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Spirit Airlines. "When coupled with high productivity in all parts of our operation, these new airplanes affirm Spirit's position as the leading low cost carrier to the Caribbean and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  as well as provide the basis for a sound and rational growth plan into the next decade."

"Spirit joined the ranks of leading U.S. customers for Airbus less than three years ago, and for the airline to come back this soon with an order of this magnitude shows that Airbus aircraft are working well for Spirit," said John Leahy John Leahy (born August 1950) was appointed Chief Operating Officer at Airbus in July 2005. Leahy continues as Airbus' Chief Commercial Officer, a role he has held since August 1994. He is a member of the Airbus main board of management. , Airbus COO Customers. "The A320 Family remains a cornerstone of Airbus' global success and we are proud that new customers like Spirit have become repeat customers."

IAE President & CEO Jon Beatty said: "Spirit Airlines has focused on high efficiency and productivity in all parts of its operation, and we are delighted that the in-service performance of the V2500 and the support provided by the team at IAE has ensured we can continue to play a significant part in their expansion plans."

About Spirit Airlines

Fort Lauderdale-based Spirit Airlines, with hubs in Fort Lauderdale and Detroit, offers its outstanding low fare service to 32 cities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the Bahamas, and the Caribbean. For the 411 on fares, schedules and reservations go to spiritair.com or call 1-800-772-7117 (en EspaSol, 1-800-756-7117).
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 23, 2007
Words:336
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