All articles tagged with #airline bailout
Spain's former prime minister José Luis Rodríguez Zapatero has been named as a suspect in a corruption probe linked to the 2021 state bailout of Plus Ultra, with a judge describing an 'influence-peddling structure' using shell companies and opaque channels to obtain benefits; his offices were searched, adding pressure to current PM Pedro Sánchez and his circle.
A broad cross-section of Republicans criticize President Trump's plan to prop up Spirit Airlines with government funds or equity, arguing that government ownership of a private airline is a bad idea and calling bailouts a mistake. From Senate leaders like Thune to Cruz, and including populist critics like Hawley, the opposition spans moderates to conservatives, threatening to derail the bid as Spirit fights for survival after its JetBlue merger collapse. The White House says the proposal is premature with no concrete plan yet, while a counterproposal from other carriers could complicate action and deepen intra-party divisions ahead of the midterms.
President Donald Trump’s proposal to buy bankrupt Spirit Airlines for about $500 million as a government-backed rescue has divided his advisers and drawn backlash from Republicans who oppose government ownership of private companies, amid rising jet-fuel costs tied to international conflict that have strained Spirit’s finances.