Crowd-Powered bid to buy Spirit Airlines draws on Packers’ ownership playbook
Spirit Airlines has shut down, and a former passenger launched Spirit 2.0 to rally everyday people to buy the airline using a publicly owned model inspired by the Green Bay Packers. Pledges total almost $23 million from about 36,605 people, but no money has moved yet, and the group targets roughly $1.7 billion before private equity could swoop in; regulators and other carriers have begun offering help to stranded travelers.