Brian Shilhavy
Looks like the Trump administration is also going to try and bailout the U.S. airline industry, if not take it over completely.
From NBC News (https://www.nbcnews.com/business/travel/spirit-airlines-trump-administration-bailout-rcna341430):
The struggling discount carrier has filed for bankruptcy twice, and now it’s under pressure from higher jet fuel costs due to the Iran war.
Excerpts:
The Trump administration on Wednesday neared a rescue deal for struggling Spirit Airlines, in a rare move to support a single air carrier.
The deal, which has not yet been finalized, would offer $500 million to the discount airline, according to a person familiar with the matter. It would give the airline additional liquidity as it works toward emerging from bankruptcy and grapples with elevated fuel costs due to the war with Iran.
The deal would also aim to create a durable well-funded airline. After Spirit emerges from bankruptcy, the U.S. government could own up to 90% of the airline, the source also said.
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