Trump says government gave 'final' bailout proposal for Spirit Airlines as liquidation looms

trump said friday his administration gave spirit airlines a "final" bailout proposal, as the budget carrier faces possible liquidation. the white house had offered a $500 million loan last month that could have given the government up to a 90% stake in the florida-based airline, according to people familiar. talks with bondholders this week haven't yielded a deal as of friday. "if we could do it, we'd do it, but only if it's a good deal this weekend," trump told reporters. spirit declined to comment on liquidation plans. the airline's lawyer told a bankruptcy court on april 23 that spirit's cash "is not going to last for very much longer." spirit is in its second bankruptcy in less than a year, now facing a spike in jet fuel prices amid the middle east conflict. united airlines said it's preparing to support spirit customers and employees if the carrier shuts down. a planned acquisition by jetblue was blocked by the biden administration two years ago.