LowCostCarrier

Pegasus Airlines Expands Fleet with Massive Boeing 737 Purchase in $36 Billion Deal

4 days ago

Pegasus Airlines, a prominent low-cost carrier based in Turkey, has made a significant move to bolster its fleet by finalizing an agreement to purchase up to 200 Boeing 737 jets. This landmark deal is valued at approximately $36 billion and underscores the airline's ambition to escalate its operations in the rapidly evolving aviation market.

Spirit Airlines Files for Bankruptcy: What It Means for Holiday Travelers

27 days ago

In a surprising move that is sending ripples through the travel industry, Spirit Airlines has officially filed for bankruptcy protection. This development is particularly significant for the upcoming holiday travel season, affecting thousands of travelers looking to secure affordable flights. The low-cost carrier, known for its budget-friendly fares, is facing mounting financial pressures that have ultimately led to this drastic step.

Spirit Airlines Takes Drastic Measures: Sells Jets Amid Bankruptcy Fears

2 months ago

In a bold move to navigate its financial challenges, Spirit Airlines has decided to sell off several of its aircraft. This decision comes as the low-cost carrier faces mounting pressures that could potentially lead to bankruptcy. The airline is working to bolster its cash reserves in an increasingly competitive market while attempting to mitigate what has become a precarious operational situation.