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Trump administration and Spirit Airlines in advanced discussions over bailout, sources say

www.cbsnews.com·Kris Van Cleave·about 1 month ago
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By Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Updated on: April 22, 2026 / 7:35 PM EDT / CBS News Add CBS News on Google The Trump administration is in advanced discussions with  budget carrier Spirit Airlines  about a bailout, sources familiar with the negotiations told CBS News.  The financing package could include a loan of up to $500 million, in exchange for warrants that would allow the federal government to take a potentially substantial ownership stake in the  beleaguered airline , the sources said.  Commerce Secretary Howard Lutnick is one of the chief proponents pushing the Trump administration to take an ownership stake in the carrier, multiple sources told CBS News.  The deal is not done and is subject to change, but could be finalized…

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