Source link : https://las-vegas-news.com/las-vegas-spirit-airlines-nears-shutdown-after-trump-bailout-talks-collapse-urgent-steps-for-travelers-with-booked-flights/
Spirit Airlines shutting down after failed effort at government rescue deal – Image for illustrative purposes only (Image credits: Unsplash)
Spirit Airlines, a staple for budget travelers flying in and out of Harry Reid International Airport, prepared to halt operations as early as 3 a.m. Eastern Time on Saturday after negotiations for a $500 million government rescue collapsed.[1][2] The failure stranded passengers across routes, including those bound for Las Vegas, amid the carrier’s ongoing bankruptcy proceedings. Bondholders rejected the deal terms, which would have given the government potential control of up to 90 percent of the company.[3]
Collapse of the Government Lifeline
The Trump administration pursued a bailout package worth $500 million in loans and funding, but opposition from key Spirit bondholders derailed the effort. These investors argued the terms would diminish their recovery prospects in a potential failure scenario. Internal divisions within the administration, including concerns over taxpayer funds, further stalled progress.[1]
President Donald Trump addressed the impasse directly. “We’re looking at Spirit and we’ll help them if we can, but we have to come first. America comes first,” he told reporters on Friday.[2] Spirit CEO Dave Davis expressed gratitude for the administration’s involvement earlier in the process, noting the need to protect jobs and affordable fares. Yet escalating jet fuel costs, doubled since the U.S.-Iran conflict…
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Author : nvm_admin
Publish date : 2026-05-02 07:31:00
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