The White House is finalizing a financing package to help ailing US budget carrier Spirit Airlines, which could receive as much as $500m in loans as rising costs continue to plague the company. News of the potential deal comes as Spirit and others struggle with soaring fuel costs due to the war with Iran.
Donald Trump said he’s aware that the company is struggling and hinted that federal aid could come. “Spirit’s in trouble, and I’d love somebody to buy Spirit. It’s 14,000 jobs, and maybe the federal government should help that one out,” Trump told CNBC on Tuesday.
Spirit has spent the last few years dealing with financial troubles, filing for bankruptcy twice in the last two years as the company struggled to bring in revenue amid higher costs. Reports from earlier this month suggested Spirit was close to liquidation and was holding talks with its creditors.
The company has lousy management. As stated, they've declared bankruptcy (and fucked their creditors) twice in the last less than 24 months. Maybe they do need to go under. That's one half of a billion dollars of our money - money they'll never manage to repay. And the airline sucks to fly on. I know from personal experience. Maybe they do deserve to die a natural death. Some one will replace them somehow, and maybe with better management. Juss' sayin'...
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