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'Terrible Idea': Republicans Criticize Trump's Floated Bailout for Spirit Airlines
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'Terrible Idea': Republicans Criticize Trump's Floated Bailout for Spirit Airlines

TIME·Callum Sutherland·about 1 month ago
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President Donald Trump ’s interest in a multimillion dollar bailout of Spirit Airlines has prompted concern among several Republican lawmakers. Earlier this week, Trump said he would “love somebody to buy Spirit” and floated the idea that “maybe the federal government should help that one out.” Reuters has since reported that the Trump Administration is nearing a deal that could include up to $500 million in government-backed funding, citing three people familiar with the matter. TIME has reached out to the White House for comment. Spirit filed for Chapter 11 bankruptcy for the second time last August and won approval for an emergency $475 million lifeline in October.  The company has experienced additional strain in recent weeks as it, along with other airlines, has had to navigate the steep rise in jet fuel prices amid the energy crisis spurred on by Tehran’s chokehold over the Strait of Hormuz since the start of the Iran war on Feb. 28. The average price of jet fuel in the U.S.…

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