The Trump administration is discussing a $500 million rescue deal for Spirit Airlines that could leave the federal government owning up to 90% of the company after it emerges from bankruptcy. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. That could help preserve a low-cost option for travelers. … Read more
The fate of Spirit Airlines could affect ticket prices across the industry, which is why the Trump administration is considering a bailout, sources confirm. Kris Van Cleave has more details. Source link
The Trump administration is in advanced discussions with Spirit Airlines about a possible bailout. The budget carrier has struggled to stay afloat due to rising jet fuel prices, growing labor costs and operational issues. CBS News senior transportation correspondent Kris Van Cleave has the latest. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 00:31 White House nears rescue deal for Spirit Airlines 00:0000:00 Source link
The Trump administration is having advanced discussions with Spirit Airlines about a potential bailout loan of up to $500 million in exchange for warrants that would allow the government to take an ownership stake in the company, sources tell CBS news. CBS News’ Shanelle Kaul has more. Source link
The Trump administration on Wednesday neared a rescue deal for struggling Spirit Airlines, in a rare move to support a single air carrier. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The deal, which has not yet been finalized, would offer $500 million to the discount airline, according … Read more
The Trump administration is in advanced discussions with budget carrier Spirit Airlines about a bailout, sources familiar with the negotiations told CBS News. The financing package could include a loan of up to $500 million, in exchange for warrants that would allow the federal government to take a potentially substantial ownership stake in the beleaguered airline, the sources … Read more
Transportation Secretary Sean Duffy makes case for AI safety tools, reacts to Spirit concerns – CBS News Watch CBS News Transportation Secretary Sean Duffy spoke to CBS News’ Kris Van Cleave about safety concerns and tools at U.S. airports. This comes as airlines grapple with higher fuel costs linked to the Iran war. Source link
Spirit Airlines has approached the Trump administration about an emergency bailout to keep the beleaguered discount carrier in business and avoid liquidation due to skyrocketing fuel prices, CBS News has learned. “Spirit is looking for a lifeline,” a source familiar told CBS News. Some Spirit creditors have questioned the airline’s ongoing viability and are concerned … Read more
Two years after a failed merger with JetBlue, there are public reports that Spirit Airlines could be going under within days. Kris Van Cleave has more details. Source link