Trump Admin Weighs Rescue for Spirit Airlines With $500M Loan and Possible Equity
TL;DR
The Trump administration is in advanced discussions to bailout Spirit Airlines, potentially providing up to a $500 million loan in exchange for warrants that could grant the federal government a substantial ownership stake; the deal isn’t final and is under active consideration as officials weigh whether a rescue would save Spirit or simply subsidize ailing operations.
- Trump administration and Spirit Airlines in advanced discussions over bailout, sources say CBS News
- Trump administration in advanced talks for Spirit Airlines rescue package, sources say CNBC
- How Spirit Airlines' business model collapsed—and why a Trump bailout could make things worse Fortune
- Trump Administration Nears Loan Deal to Rescue Spirit Airlines The New York Times
- Citadel’s Yearslong Spirit Bet Faces New Risk on US Rescue Plan Bloomberg.com
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