Skip to content

Trump administration nears $500M rescue for Spirit Airlines

financeApr 22, 202629518

The White House is in advanced talks to provide about $500 million to rescue Spirit Airlines and would take up to 90% ownership. Spirit Aviation Holdings has filed for bankruptcy and faces potential liquidation after surging jet fuel costs tied to the U.S. conflict with Iran squeezed the carrier's finances. If completed, the package would make the federal government Spirit's majority owner and directly shape the airline's restructuring and future operations.

Key Highlights

White House in advanced talks to provide about $500 million to Spirit
Deal would leave the federal government with up to 90% ownership
Spirit Aviation Holdings faces bankruptcy and liquidation risk after surging jet fuel
3 sources