Sununu: Spirit Airlines closure was a lesson to approve mergers when ‘somebody is putting up a red flag’
Summary
Chris Sununu, CEO of Airlines for America and former New Hampshire governor, said the recent shutdown of Spirit Airlines shows the need to approve business mergers when warnings arise. Spirit Airlines closed after it and the Trump administration could not finalize a deal.Key Facts
- Spirit Airlines stopped operating earlier in the current month.
- The closure happened after failed merger negotiations involving Spirit and the Trump administration.
- Chris Sununu is the CEO of Airlines for America and was previously the governor of New Hampshire.
- Sununu believes that when there are concerns ("red flags"), mergers should be allowed to proceed to prevent such shutdowns.
- The situation highlights issues in how airline mergers are approved by the government.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.