Spirit is hoping that the U.S. government takes an equity stake in the struggling discount airline, according to new reports from Bloomberg and the Air Current. The twice-bankrupt air carrier is facing liquidation, thanks in part to rising jet fuel prices since the start of the Iran War and hopes that President Donald Trump can provide a bailout of some kind.
Transportation Secretary Sean Duffy is planning on meeting with executives from Spirit this week, according to Bloomberg, though it’s yet unclear whether the company will formally request that the U.S. government take an equity stake. Duffy is the one who requested a meeting with discount carriers to assess their health, according to the Air Current.
The federal government under President Trump made the…
more
Source gizmodo.com
Terms of use and third-party services. More here.