Trump bailout gambit fails as Spirit winds down
TL;DR
Spirit Airlines, already in bankruptcy, failed to secure a $500 million government bailout from the Trump administration after talks and internal debate; despite initial optimism from Trump, officials could not identify a funding source and the Defense Production Act was rejected, leading to an orderly wind-down of operations, flight cancellations, and plans to aid remaining passengers as creditors and rivals considered options.
- Inside Spirit Airlines’ failed ‘Hail Mary’ to the Trump administration CNN
- Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart WSJ
- Spirit Airlines’ Demise Could Help Other Airlines The New York Times
- "This is it tonight": Spirit Airlines pilots sign off on final flights CBS News
- Frontier Airlines Announces Discounted Rescue Fares to Support Spirit Airlines Customers Frontier Airlines
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