Two Spirit Airlines creditor groups back Trump bailout plan
Two Spirit Airlines creditor groups support Trump bailout plan; bondholder group divided over $500mn offer.
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two creditor groups of spirit airlines have backed the trump administration's bailout plan for the carrier. the white house is offering $500mn to rescue the bankrupt budget airline. but a bondholder group remains divided over the deal, meaning the path to approval is still uncertain. spirit filed for chapter 11 in november 2024 after struggling with mounting debt and a failed merger with jetblue. the $500mn offer would give the government a stake in the reorganized company.
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