Trump hints at taxpayer-backed Spirit rescue with resale in mind
TL;DR
President Trump said he’s weighing a taxpayer-funded takeover of Spirit Airlines to save jobs and potentially resell the carrier for a profit once oil prices drop, as Spirit pursues Chapter 11 restructuring with talks of federal financing.
- Trump confirms he's weighing a taxpayer takeover of Spirit Airlines "for the right price" CBS News
- Trump signals interest in buying Spirit Airlines with taxpayer backing, aims to resell for profit Fox Business
- Big-name Republicans are balking at Trump taking a stake in Spirit Airlines. Here’s why CNN
- Possible Spirit rescue fuels new fears about government involvement in business NBC News
- US Taps Kirkland & Ellis for Advice on Spirit Airlines Rescue Bloomberg.com
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