News

Business

On HALO

5 hours ago

Trump signals interest in buying Spirit Airlines with taxpayer backing, aims to resell for profit

President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic.Trump reaffirmed his interest in offering the airline a financial lifeline during a meeting at the Oval Office on Thursday, adding that the plan would involve reselling the carrier once oil prices decline."We're thinking about doing it, helping them out and meaning bailing them out or buying it. I think we just buy it," he said. "We'd be getting it virtually debt free. They have some good aircraft,...