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Spirit Airlines preparing to shut down if bailout deal isn’t reached: Reports

The Hill·Marc Sternfield·about 1 month ago
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( KTLA ) – Spirit Airlines may be reaching the end of the runway. After months of negotiations, the discount carrier is preparing to cease operations unless they can reach a critical government bailout deal, according to The Wall Street Journal and CBS News . CBS reports the airline could start shutting down as soon as Saturday. President Donald Trump had previously said he was weighing a taxpayer takeover of Spirit Airlines, with plans to resell the troubled carrier after oil prices decline. On Friday, Trump said his administration is still weighing  a taxpayer-funded takeover  of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout. “We’re looking at it. If we could do it, we’ll do it. But only if it’s a good deal,” Trump told reporters on Friday. He didn’t offer any details about what proposal he was considering but said he’d like to save jobs at the airline, which has filed for bankruptcy twice in two years.…

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