Spirit Airlines is near getting a $500 million bailout from the federal authorities, in keeping with a supply aware of the negotiations. The deal is predicted to incorporate the federal authorities taking a stake within the troubled airline, which had struggled to generate profits ever for the reason that Covid pandemic.
Spirit would additionally keep away from turning into the primary important US airline in 25 years pressured to fully halt operations due to monetary issues.
CNN aviation correspondent Pete Muntean has extra and “The Points Guy” editor-in-chief Nick Ewen weighs in on whether or not a authorities bailout might save Spirit Airlines.
0:00 CNN aviation correspondent on potential Spirit Airlines bailout
2:11 White House press secretary feedback on Spirit Airlines
3:20 President Trump speaks a couple of doable bailout
5:13 Aviation business professional on the way forward for Spirit Airlines
Watch extra CNN right here: https://cnn.it/4kh5RPe
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