White House weighs DPA lifeline for Spirit Airlines amid bankruptcy
TL;DR Summary
The White House is weighing a Defense Production Act-backed rescue of Spirit Airlines to save jobs, potentially lending about $500 million and giving the government top debtor status, with the Pentagon and Commerce Department weighing involvement and assets like flight slots preserved for a future sale; the plan would need creditor approval and aims to prevent liquidation amid bankruptcy and higher fuel costs.
- White House mulls using Defense Production Act in Spirit Airlines takeover CBS News
- Spirit employees must be protected in any bailout: Union The Hill
- Big-name Republicans are balking at Trump taking a stake in Spirit Airlines. Here’s why CNN
- You can fly almost anywhere in Europe for €20 while Spirit Airlines is staving off bankruptcy. Here's the difference Fortune
- Spirit Airlines' cash won't 'last for very much longer,' but Trump says government could buy carrier CNBC
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