Trump eyes up taxpayer-funded takeover of Spirit Airlines after bankruptcy

PoliticsBusiness & Finance
2 May 2026 • 4:45 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Trump eyes up taxpayer-funded takeover of Spirit Airlines after bankruptcy

  • Trump's administration is considering a taxpayer-funded takeover of Spirit Airlines, which is currently in its second bankruptcy proceeding in under two years.
  • The president indicated that a decision on the potential bailout, which he stated would only proceed if it represented a "good deal" for the government, could be announced shortly.
  • The proposed rescue plan has drawn criticism from both political parties and some members of the administration, despite Trump's emphasis on preserving jobs.
  • Supporters, including labour unions, argue that a failure to rescue Spirit Airlines would lead to job losses, reduced competition, and higher airfares.
  • Spirit Airlines has faced significant financial difficulties since the COVID-19 pandemic, exacerbated by rising operating costs, mounting debt, reduced capacity, and increased jet fuel prices due to the Iran war.

IN FULL

Newswav Malaysia Best News App

Newswav is an online content aggregator and obtains its content from different online sources. The content in the app do not belong to Newswav nor do they reflect the opinions of Newswav and its staff. Your use of this app indicates your understanding and acceptance of this information.

Newswav Sdn. Bhd. (201701008480 (1222645-M)) 2026 All Rights Reserved