Trump in advanced talks with Spirit Airlines about possible bailout
Summary
President Donald Trump's administration is in advanced talks with Spirit Airlines about providing a bailout loan. The loan could be as much as $500 million, and the government might get ownership shares in return.Key Facts
- The talks involve a possible bailout loan to Spirit Airlines.
- The loan amount could be up to $500 million.
- The government would receive warrants, which allow it to own part of the airline.
- The negotiations are described as advanced.
- The information comes from sources speaking to CBS News.
- The bailout is being discussed under President Donald Trump's administration.
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