Corporate Socialism Once Again: Trump administration in advanced talks for Spirit Airlines rescue package, source says

[Zincwarrior]

Taxpayers are about to foot the bill for another massive corporate bailout. This time taxpayers will suffer for Spirit Airlines. Doesn't matter what admin is in power, the bailouts continue.​

Trump administration in advanced talks for Spirit Airlines rescue package, sources say

The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.

www.cnbc.com

Trump administration in advanced talks for Spirit Airlines rescue package, source says​

• The Trump administration is in advanced talks for a financing package for Spirit Airlines, according to a person familiar with the matter.
• Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week.

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.
Mike Blake | Reuters
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter.

The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago.


“Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues to monitor the situation and overall health of the U.S. aviation industry that millions of Americans rely on every day for essential travel and their livelihoods.”

Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week, speaking on the condition of anonymity to discuss matters that had not yet been made public. The Dania Beach, Florida-based carrier in August filed for its second Chapter 11 bankruptcy in less than a year, after it struggled to increase revenue to cover rising costs.

President Donald Trump hinted at potential government aid on Tuesday, telling CNBC’s “Squawk Box”, “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.”

The terms of the talks weren’t immediately clear and a deal could still fall apart. The Wall Street Journal earlier reported that the talks were in an advanced stage.

“We are hopeful that the government will recognize the needs for emergency funds especially in the current economic environment,” a spokesperson for the Associated of Flight Attendants-CWA, which represents Spirit’s cabin crews, said in a statement. “The last thing our economy needs is tens of thousands more people out of work and the last thing the travelling public needs is fewer choices in air travel.”

 

[1srelluc]

President Donald Trump hinted at potential government aid

That's hardly a "bail out"....Come on man.

You just seem to run with everything the MSM comes up with.

 

[Zincwarrior]

President Donald Trump hinted at potential government aid

That's hardly a "bail out"....Come on man.

You just seem to run with everything the MSM comes up with.

https://www.wsj.com/business/airlines/trump-administration-nearing-rescue-deal-for-spirit-airlines-2f6a5556?mod=hp_lead_pos3

 

[TNHarley]

Socialists gonna socialist

 

[pknopp]

The government becomes part owner. Taxpayers fork over $500 million.

Goes to show why this is not a country that operates on Capitalism.

In Capitalism, if you go broke, you go broke, you don't run to taxpayers to bail you out.

Trump administration in advanced talks for Spirit Airlines rescue package, sources say

The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.

www.cnbc.com

 

[Mac1958]

Typical. Trump screws them on oil, then has to circle back and save their ass from HIM.

Standard Trumpian chaos.

 

[leftwinger]

Only if they take it out of CA-MN-ME fraud AND stop the Black fights and attacks on others from check-in to 30,000 feet like a zoo instead of Airline travel//

 

[WorldWatcher]

Typical. Trump screws them on oil, then has to circle back and save their ass from HIM.

Standard Trumpian chaos.

Some are say'n...

..... ..... Can't say who...

..... ..... ..... ..... But some...

..... ..... ..... ..... ..... ..... Is that part of the package requiresd rebranding as "Trump Airlines" in honor of the great one.

WW

 

[TNHarley]

Typical. Trump screws them on oil, then has to circle back and save their ass from HIM.

Standard Trumpian chaos.

They have filed bankruptcy twice since 2024. You poor, obsessive ****.

 

[Greenbeard]

I’ve lost count of the number of companies Chairman Trump is partially nationalizing.

 

[leftwinger]

I’ve lost count of the number of companies Chairman Trump is partially nationalizing.

Investing in Intel 10% you TDS OXYEN

 

[OhPleaseJustQuit]

Only if they take it out of CA-MN-ME fraud AND stop the Black fights and attacks on others from check-in to 30,000 feet like a zoo instead of Airline travel//

.

Very well said. I feel for anyone who has to fly these days. I made one trip after 9/11, and then said eff the "Patriot Act", and stopped flying all together.

.

 

[leftwinger]

.

Very well said. I feel for anyone who has to fly these days. I made one trip after 9/11, and then said eff the "Patriot Act", and stopped flying all together.

.

I don't like it at all. I had to go for work sometimes or a funeral or wedding but now I almost refuse it. UGH!

 

[OhPleaseJustQuit]

I dont like it at all. I had to go for work sometimes ir a funeral or wedding but now I almost refuse it. UGH!

.

I have a couple of relatives on the West Coast, and they know that if they die, they're on their own as far as their funerals are concerned.

Tell them you love them now.

.

 

[my2¢]

Talk about beating a dead horse. Spirit Airline has been on its deathbed for a few years now regardless of the current fuel situation.

 

[August West]

Trump calls his people STUPID and they take pride in it.

“I love the poorly educated”—Read Donald Trump’s full Nevada victory speech

Presidential candidate Donald Trump easily won the Republican Nevada primary with over 44% of the votes in early counting, in a election marked by complaints of fraud and chaos. He made a victory speech in front of a rowdy crowd dressed in “Make America Great Again” hats and t-shirts at his Las...

qz.com

 

[1srelluc]

Dupe

Post in thread 'Corporate Socialism Once Again: Trump administration in advanced talks for Spirit Airlines rescue package, source says'

Apr 22, 2026

President Donald Trump hinted at potential government aid

That's hardly a "bail out"....Come on man.

You just seem to run with everything the MSM comes up with.

https://www.wsj.com/business/airlines/trump-administration-nearing-rescue-deal-for-spirit-airlines-2f6a5556?mod=hp_lead_pos3

• Zincwarrior

"Trump hinted".....Whoo! Sure sounds like a bailout to me.

 

[Greenbeard]

Investing in Intel 10% you TDS OXYEN

You chose an apt username, comrade.

 

[candycorn]

Taxpayers are about to foot the bill for another massive corporate bailout. This time taxpayers will suffer for Spirit Airlines. Doesn't matter what admin is in power, the bailouts continue.​

Trump administration in advanced talks for Spirit Airlines rescue package, sources say

The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.

www.cnbc.com

Trump administration in advanced talks for Spirit Airlines rescue package, source says​

• The Trump administration is in advanced talks for a financing package for Spirit Airlines, according to a person familiar with the matter.
• Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week.

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.
Mike Blake | Reuters
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter.

The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago.


“Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues to monitor the situation and overall health of the U.S. aviation industry that millions of Americans rely on every day for essential travel and their livelihoods.”

Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week, speaking on the condition of anonymity to discuss matters that had not yet been made public. The Dania Beach, Florida-based carrier in August filed for its second Chapter 11 bankruptcy in less than a year, after it struggled to increase revenue to cover rising costs.

President Donald Trump hinted at potential government aid on Tuesday, telling CNBC’s “Squawk Box”, “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.”

The terms of the talks weren’t immediately clear and a deal could still fall apart. The Wall Street Journal earlier reported that the talks were in an advanced stage.

“We are hopeful that the government will recognize the needs for emergency funds especially in the current economic environment,” a spokesperson for the Associated of Flight Attendants-CWA, which represents Spirit’s cabin crews, said in a statement. “The last thing our economy needs is tens of thousands more people out of work and the last thing the travelling public needs is fewer choices in air travel.”

Oh I don't know.

I'm pretty liberal and I'm told, by definition, I have to be against big business and the bail outs etc....

Here is my stance.... If we're going to spend $500M...we should spend it on saving jobs and keeping competition in the marketplace. One of the big mysteries I have with the US is how we are told we have to be all-in on everything. If you're a "no" you're a "no" in every situation....if you're a "yes", you're a "yes" in every situation. If you're a capitalist, you have to be a capitalist in every situation. The real world isn't like that. I work in healthcare. Capitalism and what people regard as the modern medicine community may as well be Venus and Mars. They are almost totally incompatible. Your net worth largely determines how long you maintain a pulse rate. And no...it isn't always the case but for the most part it is (more of what I'm talking about right???).

Airlines are particularly exposed to the petroleum industry fluctuations so we will probably have this sort of thing happening on end. A better idea than the bailouts would be a SPR for jet fuel (and one for diesel while we're at it). During a time like this when the blob is causing prices spikes to avoid dealing with a feckless domestic agenda, Spirit could draw from the SPR as could interstate trucking firms. Don't get me wrong, we need to get something for our bail-out. But letting 14,000+ employees go on unemployment seems like a loser to me.

 

[theHawk]

Taxpayers are about to foot the bill for another massive corporate bailout. This time taxpayers will suffer for Spirit Airlines. Doesn't matter what admin is in power, the bailouts continue.​

Trump administration in advanced talks for Spirit Airlines rescue package, sources say

The Trump administration is preparing to rescue ailing budget carrier Spirit Airlines.

www.cnbc.com

Trump administration in advanced talks for Spirit Airlines rescue package, source says​

• The Trump administration is in advanced talks for a financing package for Spirit Airlines, according to a person familiar with the matter.
• Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week.

A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.
Mike Blake | Reuters
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter.

The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago.


“Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues to monitor the situation and overall health of the U.S. aviation industry that millions of Americans rely on every day for essential travel and their livelihoods.”

Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week, speaking on the condition of anonymity to discuss matters that had not yet been made public. The Dania Beach, Florida-based carrier in August filed for its second Chapter 11 bankruptcy in less than a year, after it struggled to increase revenue to cover rising costs.

President Donald Trump hinted at potential government aid on Tuesday, telling CNBC’s “Squawk Box”, “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.”

The terms of the talks weren’t immediately clear and a deal could still fall apart. The Wall Street Journal earlier reported that the talks were in an advanced stage.

“We are hopeful that the government will recognize the needs for emergency funds especially in the current economic environment,” a spokesperson for the Associated of Flight Attendants-CWA, which represents Spirit’s cabin crews, said in a statement. “The last thing our economy needs is tens of thousands more people out of work and the last thing the travelling public needs is fewer choices in air travel.”

Another Zincwarrior panic thread that didn’t pan out.

Spirit Airlines shutting down after rescue talks collapse

The airline had been in talks with the Trump administration about a $500m bailout.

www.bbc.com