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Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says
- Transportation Secretary Duffy questions viability of government bailout for Spirit Airlines
- President Trump suggests possible federal intervention to save 14,000 Spirit jobs
- Spirit's restructuring faces challenges from rising fuel costs and lack of buyer interest
Airlines
Trump administration in advanced talks for Spirit Airlines rescue package, sources say
- 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.
- The airline could receive around $500 million from the government, financing that could give the government an equity stake in the discounter.
