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Trump weighs taxpayer-backed Spirit Airlines takeover for later resale

1 min read
Source: AP News
Trump weighs taxpayer-backed Spirit Airlines takeover for later resale
Photo: AP News
TL;DR

President Donald Trump is considering a government-backed purchase of Spirit Airlines with the aim of selling the carrier later, according to AP News. The plan would involve using taxpayer funds to acquire Spirit and then divest it, though details and authorization are not finalized.

Topics:businesspolitics#airlines#nationalization#politics#spirit-airlines#taxpayer#trump
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  1. Spirit Airlines says it’s in advanced talks for US government’s help to survive bankruptcy  AP News
  2. Big-name Republicans are balking at Trump taking a stake in Spirit Airlines. Here’s why  CNN
  3. Spirit Airlines in advanced talks for federal financing, lawyer says  UnionLeader.com
  4. Senators raise concerns about US bailout of Spirit Airlines  Reuters
  5. US Taps Kirkland & Ellis for Advice on Spirit Airlines Rescue  Bloomberg.com

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