Money
Trump Administration Nears $500M Spirit Airlines Rescue With Warrants for Up to 90% Equity, as His Transportation Secretary Resists
President Trump told CNBC on April 21 that the federal government should 'maybe' help Spirit Airlines, currently in its second bankruptcy in 14 months. By April 22 the administration was reportedly in advanced talks for a $500M financing package — with warrants that could leave the U.S. government owning up to 90% of the post-bankruptcy carrier. Transportation Secretary Sean Duffy has publicly opposed the deal.
