GOP Unites Against Spirit Airlines Bailout

TL;DR Summary
A broad cross-section of Republicans criticize President Trump's plan to prop up Spirit Airlines with government funds or equity, arguing that government ownership of a private airline is a bad idea and calling bailouts a mistake. From Senate leaders like Thune to Cruz, and including populist critics like Hawley, the opposition spans moderates to conservatives, threatening to derail the bid as Spirit fights for survival after its JetBlue merger collapse. The White House says the proposal is premature with no concrete plan yet, while a counterproposal from other carriers could complicate action and deepen intra-party divisions ahead of the midterms.
Topics:business#airline-bailout#gop-republicans#government-intervention#politics#spirit-airlines#trump-administration
- ‘Horsesh*t’: Hill Republicans align against Spirit’s bid for a Trump bailout Semafor
- Opinion | America doesn’t need an Amtrak of the skies The Washington Post
- Potential Spirit Airlines Bailout Is Already Spreading Cato Institute
- ‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines Fortune
- Two Spirit Airlines creditor groups back Trump bailout plan, FT reports Reuters
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