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.
The advocacy group founded by former Vice President Mike Pence is pushing back on the Trump administration’s reported plan to rescue Spirit Airlines, becoming the latest conservative voice to oppose the idea.
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.