Smith, Gambrell & Russell Represents Spirit Airlines in Agreement with Airbus to Purchase 100 A320NEO Aircraft

Press Release

February 5, 2020

2020 Scroller Spirit Fleet

ATLANTA (February 5, 2020) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that firm client, Spirit Airlines (Spirit), has signed an agreement with Airbus to purchase 100 Airbus A320NEO Family aircraft. SGR served as legal counsel to Spirit in the negotiations. The aircraft purchase includes a mix of new Airbus A319, A320, and A321 models planned for delivery through 2027. The additional aircraft will be used to support Spirit’s growth as America’s fastest growing airline adds new destinations and expands its network across the U.S., Latin America, and the Caribbean.

“We’re honored to have been given the opportunity to partner with Spirit on this milestone. This new agreement supports Spirit's course for disciplined growth and continued 'investment in their guests' for the future,” commented SGR Partner Donald Mitchell. "We're so pleased to be working with Spirit during this very exciting time in their business."

SGR’s Atlanta legal team included Donald Mitchell, associates Erin McCallum and Anna Stangle, and Partner Howard Turner of the Global Transport Practice. Partner Brett Lockwood of the Corporate Practice and Joe Mandarino of the Tax Practice also assisted. In addition to this purchase agreement, SGR has represented Spirit in more than 20 new Airbus A320NEO aircraft lease transactions over the past year.

About Spirit Airlines
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. Spirit currently serves more than 600 daily flights to 77 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities they serve. Come save with us at www.spirit.com. At Spirit Airlines, we go. We go for you.

About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s 250 attorneys provide legal counsel in more than 45 specialized practice areas, including aviation, corporate transactions, litigation, intellectual property, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta; Austin; Jacksonville; London; Los Angeles; Miami; Munich; New York; Southampton, U.K; and Washington, D.C.