Is Trump going to nationalize Spirit airlines?
The Trump administration is considering a $500 million bailout for Spirit Airlines in exchange for warrants to buy up to 90% of the company's equity. Without intervention, the airline will likely lay off 14,000 workers.
The Trump administration is considering a bailout for Spirit Airlines, which has declared bankruptcy twice in under two years. The deal would lend the carrier $500 million in return for warrants to buy up to 90% of the company's equity. President Donald Trump said he wants to save the airline and its 14,000 jobs. Spirit Airlines has $2.4 billion in long-term debt, most of which is due in 2030. The airline is canceling 11 routes and reducing flights on 22 others. The potential takeover has sparked concerns about government ownership and bailouts.
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