Exclusive: Why Save A 'Financial Zombie' Like Spirit Airlines? Policy Expert Slams Trump's Bailout Push,
5 Articles
5 Articles
The Reason Everyone Forgets Spirit is Now On the Verge of Collapse: Greedy Shareholders Who Went For An Offer Too Good to be True
The fate of Spirit Airlines hangs in the balance, with the future of the embattled low-cost airline seemingly reliant on the Trump administration coming to the rescue with a massive taxpayer-funded bailout that could see the federal government take a huge equity stake in the Florida-based carrier. Given just how controversial any government ownership of Spirit Airlines is likely to be, it’s perhaps unsurprising that the White House has framed th…
No, The Government Has No Moral Obligation To "Save" Spirit Airlines
We know that Spirit Airlines is on the verge of liquidation, as the airline is in Chapter 11 bankruptcy for the second time in two years. Over the past week, we’ve learned that the government is planning on bailing out the airline. President Trump claims he doesn’t want the jobs to be lost, so he plans to use the Defense Production Act to give the airline a $500 million lifeline, which will likely ultimately result in the government owning a 90%…
Spirit Airlines’ Fate in the Balance as Trump Administration Hints at Government Buyout
As Spirit Airlines’ future hangs in the balance, US President Donald Trump’s administration hints at a possible government buyout. Spirit’s lawyer, Marshall Huebner of Davis Polk, said at a hearing Thursday that the airline’s accessible cash won’t last long. Government Buyout To make matters worse, Spirit urgently needs the funds. Huebner said, “So either new financing, either or both of new financing or access to almost $240 million of restric…
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