If we can get it at the right price,” President Trump remarked Thursday when asked about the possibility of buying the troubled Spirit Airlines. For Trump, “Spirit is an airline that has had some trouble” defines the problem. “When the price of oil drops, we’d sell their good assets and aircraft for a profit.”
The president failed to elaborate on the potential terms of acquiring Spirit Airlines.Even with a federal government monetary injection, the low-cost airline may not be able to recover from years of life support.
The idea of the government buying the airline was novel, but it was actually part of a novel one-airline rescue plan that the administration had been exploring for some time. During Thursday’s bankruptcy hearing, Marshall Huebner, a counsel for Spirit, stated that the administration is in “very advanced discussions” regarding a federal bailout package for the struggling bargain airline.
A source informed CNN that the sum might reach $500 million, he refrained from disclosing specifics. However, Trump’s comments on Thursday imply that he is contemplating taking things to the next level, with the possibility of the government acquiring the airline directly.
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