Trump Weighs Government Takeover of Spirit Airlines
6 days ago
President Donald Trump says he is considering a taxpayer-backed takeover of Spirit Airlines as the low-cost carrier continues to face serious financial trouble.
Trump says the federal government could step in to provide funding, stabilize the airline, and eventually resell it for a profit once conditions improve.
The comments come as Spirit Airlines is reportedly in discussions with federal officials during ongoing bankruptcy proceedings.
Trump also said he has someone in mind to potentially run the company if the proposal moves forward.
Trump says the federal government could step in to provide funding, stabilize the airline, and eventually resell it for a profit once conditions improve.
The comments come as Spirit Airlines is reportedly in discussions with federal officials during ongoing bankruptcy proceedings.
Trump also said he has someone in mind to potentially run the company if the proposal moves forward.
