Event Overview
Spirit Airlines Prepares to Shut Down
Reuters reports Spirit Airlines prepared to cease operations after a bailout plan fell apart, with WSJ involvement noted. The New York Times says the airline sought a $500 million lifeline from the Trump administration. The New York Post asserts a bailout deal with the Trump administration collapsed, and claims discussions could have given the government up to 90% stake while bondholders opposed the plan; United and American said they would assist customers if Spirit shuts down. Disagreements center on whether talks would result in a government stake and the level of support from bondholders, with sources diverging on the immediacy of shutdown and the players involved.
If valid, the shutdown would affect passengers and markets; Reuters notes cease operations as a possible outcome, and the NYT references a lifeline attempt. Concrete downstream impact not stated in the supplied coverage.
Left / left-center
5
Center
2
Right / right-center
2
The New York Times
8/10Factual: high · Credibility: high
New York Post
5/10Factual: mixed · Credibility: medium
Reuters
9/10Factual: very-high · Credibility: high
NBC News
7/10Factual: mostly-factual · Credibility: high
CNBC
7/10Factual: mostly-factual · Credibility: high
Bloomberg
7/10Factual: mostly-factual · Credibility: high
The Hill
8/10Factual: high · Credibility: high
Washington Times
5/10Factual: mixed · Credibility: medium
PBS NewsHour
9/10Factual: very-high · Credibility: high
Spirit Airlines Prepares to Shut Down
The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
Spirit Airlines preparing to shut down after failing to secure $500M bailout from Trump admin
Spirit Airlines is preparing to shutter operations after a $500 million bailout deal with the Trump administration fell apart, according to a report Friday. The embattled budget airline has so far been unable to secure enough funding from the government and certain bondholders to keep it in business, the Wall Street.
Spirit Airlines prepares to cease operations after bailout plan falls apart, WSJ reports
target="_blank">Spirit Airlines prepares to cease operations after bailout plan falls apart, WSJ reports Reuters
Trump says Spirit given 'final proposal' on bailout amid reports it may shut down
Spirit Airlines could shut down as soon as tomorrow without a last-minute intervention, a source familiar with the matter tells NBC News. As of Friday afternoon, discussions about a rescue of the troubled budget carrier were ongoing. Earlier in the day, President Donald Trump said the White House had given Spirit.
Trump says government gave 'final' bailout proposal for Spirit Airlines as liquidation looms
Talks with bondholders for a government bailout this week failed to yield a deal.
Trump Says US Still Looking at Spirit, Will Give Final Proposal
President Donald Trump says the federal government was still looking at a rescue plan for Spirit Airlines and would offer a final proposal soon during remarks with reporters at the White House. (Source: Bloomberg)
Trump Says Still Looking at Spirit, Final Proposal to Come
President Donald Trump said the federal government was still looking at a rescue plan for Spirit Airlines and had delivered a “final proposal.” “We’re looking at it, but if we can’t make a good deal — no institutions been able to do it. I said I’d like to save the jobs,” Trump told reporters Friday at the White House.
Trump says White House looking at Spirit Airlines deal
President Trump on Friday said the White House is looking at a deal to rescue Spirit Airlines amid reports that talks between the government and the carrier have fallen apart. “I guess we’re looking at it,” Trump told reporters at the White House. “If we could do, we’d do it, but only if it’s a…
Spirit Airlines’ shutdown is looming — here’s what happens if you’ve already booked a flight
Spirit Airlines is preparing to shutter operations, according to a report from the Wall Street Journal , and customers are sure to be wondering what this means for their future travel plans. The budget carrier has struggled to get back on its feet after its second bankruptcy in less than a year — and now it has the.
Spirit Airlines prepares to shut down after government bailout collapses
Spirit Airlines is preparing to cease operations after a last-ditch effort to secure a $500 million federal rescue package fell apart, according to people familiar with the matter.
Trump says a 'final proposal' to rescue Spirit Airlines is under consideration
Michelle L. Price, Associated Press Michelle L. Price, Associated Press Rio Yamat, Associated Press Rio Yamat, Associated Press WASHINGTON (AP) — President Donald Trump said Friday his administration is still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on.
Trump gives Spirit Airlines final bailout offer as airline considers shutting down
President Trump confirmed the White House is considering a deal to bail out financially distressed Spirit Airlines.