Trump says White House looking at Spirit Airlines deal
The administration is weighing a rescue that could preserve about 17,000 jobs as Spirit faces liquidation risk and creditor resistance.
- President Donald Trump said on Friday that his administration delivered a "final" proposal to Spirit Airlines as the budget carrier prepares to cease operations as early as Saturday morning without a last-minute deal.
- Rising jet fuel costs tied to the Iran war have intensified pressure on the carrier, as negotiations stalled over the government's $500 million bailout plan which would have granted the U.S. a 90% equity stake.
- Labor unions warn a collapse could cost nearly 20,000 jobs and reduce competition, likely pushing fares higher, though Spirit told the South Florida Sun-Sentinel that it remains "operating as usual."
- Competitors including United Airlines, American Airlines, and JetBlue Airways are preparing to assist stranded customers if the carrier shuts down, as the airline navigates its second bankruptcy filing since 2024.
- Trump emphasized that he would only proceed if the bailout is "a good deal" for the government, noting other budget carriers have also requested federal aid to combat increasing fuel prices.
111 Articles
111 Articles
Trump Says Administration Offered Spirit Airlines Final Proposal to Rescue Company
President Donald Trump said on Friday he delivered a final proposal in an attempt to keep Spirit Airlines from folding. He said an announcement on the result could come soon after the White House made its most recent offer to Spirit and creditors. “We’re looking at it. If we could do it, we’ll do it. But only if it’s a good deal,” he said earlier Friday, speaking to reporters before departing the White House for Florida. He reiterated he would l…
The Toronto Star
Trump says a Spirit bailout still is possible as doubts about the airline’s survival mount
Trump emphasized that a deal to rescue the financially strapped airline remained under review. The president did not provide details but said an announcement could come later Friday or Saturday.
Trump hints at bailout for major airline as passengers demand refunds
Donald Trump has suggested the US government may bail out Spirit Airlines, which is mired in bankruptcy proceedings for the second time in under two years, as frustrated passengers demand refunds
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