Spirit Airlines Collapse Cast as Warren Letter Fallout, Says Treasury Official
TL;DR
Treasury Secretary Scott Bessent blamed Elizabeth Warren’s September 2022 letter opposing Spirit’s merger with JetBlue for Spirit Airlines’ collapse four years later, arguing the Biden administration blocked a deal that could have preserved thousands of jobs; Spirit cited rising fuel costs tied to the Iran war and a failed government rescue as the immediate causes, while noting Commerce, not Treasury, was attempting to put together a bailout deal and that JetBlue’s involvement could have strengthened Spirit.
Topics:top-newspolitics#elizabeth-warren#jetblue#pete-buttigieg#politics#scott-bessent#spirit-airlines
- Treasury Goon Unveils Bizarre Excuse for Spirit Airlines Failure The Daily Beast
- Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart WSJ
- Spirit says most customers refunded, staff returned after shutdown Reuters
- Spirit Airlines’ Demise Could Help Other Airlines The New York Times
- Sen Warren blasted for cheering blocking of merger that might have saved Spirit Airlines Fox Business
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