President Donald Trump told reporters at the White House Friday that the administration will likely make an announcement on its decision whether or not to bail out Spirit Airlines “today or tomorrow.”
A lawyer for Spirit told a U.S. Bankruptcy Court a week ago that the airline was in advanced talks with the government on a financing deal that would allow it to exit Chapter 11 protection.
President Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit Airlines “but only if it's a good deal” for the government. Trump didn't provide details but said an announcement could come as soon as later Friday or Saturday.
WASHINGTON (AP) — President Donald Trump said Friday that his administration was still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision
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Trump says Spirit Airlines deal still possible after report $500M bailout fell apart | Since Then