Talks to bail out Spirit Airlines stall as company teeters toward collapse
Spirit Airlines is nearing collapse with only days of cash remaining, as talks over a potential $500 million government-backed bailout have stalled due to opposition from key creditors. The Trump administration has proposed taking majority control of the airline in exchange for the loan, possibly using its aircraft for military transport under emergency powers. Despite ongoing discussions and a postponed bankruptcy hearing, no agreement has been reached, and Spirit remains at risk of default after missing an interest payment.
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Politics Talks to bail out Spirit Airlines stall as company teeters toward collapse By Kris Van Cleave, Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Kris Van Cleave, Jennifer Jacobs Jennifer Jacobs Senior White House reporter Jennifer Jacobs is a senior White House reporter at CBS News.
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