A group of budget airlines is reportedly seeking financial assistance from the federal government that could convert to an equity stake in the air carriers.The group of budget airlines, including Frontier and Avelo, is seeking $2.5 billion in federal assistance through stock warrants that could convert into equity stakes in the airlines, the Association of Value Airlines said in a statement. The group represents Spirit Airlines, Frontier Airlines, Allegiant Air, Sun Country and Avelo.The Wall Street Journal first reported the news.The market dominance of the country’s biggest airlines has neve...
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