Home / Business and Economy / Detroit Metro Acquires Spirit Airlines' Hangar
Detroit Metro Acquires Spirit Airlines' Hangar
22 Jul
Summary
- Airport Authority bids $18 million for Spirit Airlines' hangar.
- The hangar was Spirit's largest maintenance facility.
- A federal bankruptcy court will approve the sale on August 4th.
Detroit Metro Airport is moving to acquire the hangar vacated by Spirit Airlines following the company's bankruptcy filing in May. The Wayne County Airport Authority has agreed to purchase the lease from Spirit for $18 million, as detailed in federal bankruptcy court filings.
This agreement comes after the Airport Authority submitted the only qualified bid for the 126,000-square-foot facility by the July 16 deadline. The hangar, which opened in 2017 and housed up to 100 mechanics, was Spirit's single largest maintenance operation.
Spirit Airlines cited the time and expense of a public auction as reasons for pursuing a private transfer of the lease. The company believes the Airport Authority's bid represents a fair market value. A court hearing to approve the deal is scheduled for August 4th, with objections due by July 28th.
