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Benzinga
  • 4 hours ago
The Trump administration is discussing a potential rescue package for Spirit Airlines including up to $500M in government loans in exchange for warrants. Officials from the Commerce and Transportation Departments are involved with terms still under discussion. Spirit has struggled after a blocked JetBlue merger, engine issues, and rising jet fuel costs tied to the Iran war. The airline has entered bankruptcy twice since late 2024.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration is discussing a potential rescue package for Spirit Airlines
00:06that could include up to $500 million in government loans
00:10in exchange for warrants, according to the Wall Street Journal.
00:13Officials from the Commerce Department and the Transportation Department are involved,
00:17and terms remain under discussion.
00:19President Trump met with senior officials on Tuesday to review options.
00:23Spirit has struggled after a blocked merger with JetBlue,
00:26engine issues, and rising jet fuel costs linked to the war in Iran.
00:30The airline has entered bankruptcy twice since late 2024 and is negotiating with creditors.
00:36For all things money, visit Benzinga.com.
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