Hassett says he was ‘very involved’ in potential Spirit bailout says legal team ruled out a lifeline
Summary
Kevin Hassett, the White House National Economic Director, said he was very involved in efforts to consider a financial rescue for Spirit Airlines during President Donald Trump’s administration. However, legal advisors decided that such a bailout was not possible.Key Facts
- Kevin Hassett served as the National Economic Director in the Trump administration.
- Hassett was actively involved in discussions about a potential bailout for Spirit Airlines.
- The administration was aware that Spirit Airlines was facing financial difficulties.
- Legal teams reviewed the possibility of providing government financial support to Spirit.
- The legal teams concluded that a bailout was not allowed or feasible.
- The potential bailout was considered but ultimately ruled out on legal grounds.
- The timeframe discussed relates to the period of President Donald Trump’s administration.
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