Trump says ‘we gave them a final proposal’ as Spirit Airlines readies to shut down
President Donald Trump confirmed a federal decision regarding Spirit Airlines' potential bailout will be announced Friday, stating the government submitted a final proposal. Spirit may shut down as soon as this weekend after repeated bankruptcy filings, despite ongoing talks since April for a possible $500 million federal loan or a 90% government stake. The airline has continued normal operations despite the uncertainty, following the collapse of its merger with JetBlue in 2024 due to antitrust rulings.
- ▪Trump said the government gave Spirit Airlines a final proposal and will make an announcement Friday.
- ▪Spirit may shut down as soon as this weekend after filing for Chapter 11 bankruptcy twice between November 2024 and August 2025.
- ▪Talks include a potential $500 million federal loan or the government taking a 90% stake in the airline.
- ▪The airline's struggles intensified after its $3.8 billion merger with JetBlue was blocked in March 2024 on antitrust grounds.
- ▪Spirit continues to operate flights as scheduled despite the ongoing financial crisis and negotiations.
Opening excerpt (first ~120 words) tap to expand
President Donald Trump confirmed that an announcement on a federal solution to save Spirit Airlines will be coming at some point on Friday. “No institution has been able to” bail out the struggling airline, he told reporters. “I said I’d like to save the jobs, but we’ll have an announcement sometime today. We gave them a final proposal.” Recommended Stories Meta threatens to shut down apps in New Mexico amid child safety court case Carr says FCC review of Disney’s broadcast licenses is about DEI, not Kimmel’s Trump jokes Hassett says talks of Spirit bailout are ‘ongoing’ Earlier Friday, the Wall Street Journal reported that Spirit may shut down as soon as this weekend after filing for Chapter 11 bankruptcy twice between November 2024 and August 2025.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
Discussion
0 commentsMore from Washington Examiner
