President Donald Trump stated that the federal government is considering a taxpayer-funded takeover and rescue plan for Spirit Airlines. He emphasized that such a move would only occur if it is a good deal, noting that the administration must come first.
The effort aims to save jobs at the airline, which has filed for bankruptcy twice in two years. This consideration comes amid reports that the carrier plans to shut down.
Trump indicated that Spirit Airlines has been given a final bailout proposal, with an announcement expected on Friday or Saturday. However, talks with bondholders regarding a government bailout this week have not yet yielded a deal.