Spirit Airlines, Cruz
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President Donald Trump proposed a taxpayer-funded takeover of Spirit Airlines amid bankruptcy, with a strategy to resell the company after oil prices fall.
The Trump administration is discussing a $500 million rescue deal for Spirit Airlines that could leave the federal government owning up to 90% of the company.
President Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.