The administration will probably make a decision on whether to save Spirit Airlines “today or tomorrow,” President Donald Trump told reporters at the White House on Friday. According to sources on Friday, the long-troubled low-cost airline is preparing to cease operations, which could result in 17,000 workers losing their jobs and millions of Spirit passengers being stranded across the nation.
Well, we’re looking at it, but no institution has been able to do it if we can’t make a good deal,” Trump stated on Friday. “We’ll make an announcement later today, but I’d prefer to keep the jobs. We presented them with a final proposal.
A Spirit Airlines representative told CNN earlier on Friday that the airline had no direct response to allegations of a potential closure. The representative stated, “Spirit is running as usual. Spirit Airlines seems to be running smoothly at the time of publishing.
Spirit’s preparations to emerge from its second bankruptcy were stalled by skyrocketing jet fuel prices, and talks with the federal government over a potential $500 million bailout have not produced a solution acceptable to both the government and Spirit’s creditors.
Spirit’s lawyer informed a bankruptcy court last week that the airline was in “very advanced discussions” with the administration, following Trump’s announcement last week that he approved a deal. However, a number of Spirit creditors objected to the agreement’s conditions, which left them with less money following bankruptcy proceedings, according to a CNN report earlier this week.
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