President Donald Trump announced on Thursday that he is considering a government takeover of Spirit Airlines. Speaking to reporters in the Oval Office, Trump stated, "I think we just buy it," suggesting that the purchase could be a potentially good investment for the federal government.
The Trump administration is currently discussing a $500 million rescue deal for the struggling budget carrier. This proposed arrangement could result in the federal government owning up to 90% of the company.
Spirit Airlines has been negotiating for a federal bailout this week. Trump indicated that the taxpayer-funded takeover would be intended as a temporary measure, with the goal of reselling the airline after oil prices drop.