Crowd-Powered bid to buy Spirit Airlines draws on Packers’ ownership playbook
TL;DR Summary
Spirit Airlines has shut down, and a former passenger launched Spirit 2.0 to rally everyday people to buy the airline using a publicly owned model inspired by the Green Bay Packers. Pledges total almost $23 million from about 36,605 people, but no money has moved yet, and the group targets roughly $1.7 billion before private equity could swoop in; regulators and other carriers have begun offering help to stranded travelers.
- A Spirit Airlines fan has launched Spirit 2.0, a crowdsourcing effort to buy the airline: 'The people can own it' Business Insider
- Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart WSJ
- Spirit Airlines says it has nearly finished refunding customers after shuttering The Guardian
- Frontier Airlines Announces Discounted Rescue Fares to Support Spirit Airlines Customers Frontier Airlines
- Sen Warren blasted for cheering blocking of merger that might have saved Spirit Airlines Fox Business
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