US Government to Buy Spirit Airlines? #news #spirit #aviation

Spirit airlines may soon be owned by the US government. As you know, they're on the verge of being forced to liquidate, unless, of course, they receive a bailout. And reportedly, they're on the verge of just that. A $500 million bailout from the Trump administration. This bailout would lead to the government owning a stake in the company, and some sources are quoting as much as 90%. But it seems like most people in the industry are against it, including the FAA administrator and the CEO of United. I guess we'll see what happens.