Spirit Airlines entered into an aircraft sale agreement to acquire 14 A319-100s currently operated by the airline under operating leases from AerCap Global Aviation Trust, as owner participant under such leases, and Wilmington Trust Company, as owner trustee and lessor under such leases.

The first such purchase is scheduled currently to occur in April 2018 and the last is scheduled currently to occur in June 2018. The aggregate gross purchase price for the 14 aircraft is US$285 million, comprised of a cash payment net of the amount of maintenance reserves and security deposits. Spirit may use cash or finance the aircraft.