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Spirit Airlines close to a $500M Trump bailout
Published 1 month, 3 weeks ago
Description
Trump administration is in advanced negotiations to provide Spirit Airlines with up to a $500 million bailout to stave off imminent liquidation. The potential deal, which has not yet been finalized, would involve the federal government offering the loan in exchange for warrants that could give taxpayers up to a 90% equity stake in the ultra-low-cost carrier.
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