Mooney International Submits Bid to Acquire Spirit Airlines
Texas-based Mooney International announced Sunday that it has formally submitted a bid to acquire Spirit Airlines and related assets.
The company said its proposal would combine operations involving Spirit Airlines, Mooney International and SEAir under a shared focus on affordable and accessible air travel. It said the plan would preserve the Spirit brand while pursuing long-term growth and operational improvements.
“Our objective is not only to preserve the Spirit Airlines legacy, but to create a new chapter focused on operational excellence, enhanced customer experience, expanded route connectivity, sustainable aviation initiatives, and long-term growth,” the company said.
If approved, Mooney said it would maintain the Spirit brand, expand affordable travel options, invest in fleet and technology upgrades, and strengthen connections between Spirit Airlines, Mooney International and SEAir. The company said its plans also include supporting aviation jobs, tourism and economic development while advancing sustainable aviation fuel initiatives.
Spirit Airlines, based in South Florida, was one of the nation’s largest ultra-low-cost carriers, serving dozens of destinations across the United States, Latin America and the Caribbean. The airline ceased operations in May.
Although Spirit had gone bankrupt twice before, the company said high oil prices, which had been rising because of the war with Iran, made it impossible to stay aloft.
Mooney International’s announcement did not disclose financial terms or a timeline for the proposed acquisition. It is also unclear whether other bidders are involved or what regulatory approvals would be required.
The bid comes as the airline industry continues to navigate changing market conditions, competition among low-cost carriers and growing demand for affordable travel.
