Source: International Business Times
A Spirit airlines plane The Trump administration is close to reaching a $500 million rescue package for Spirit Airlines, according to a new report. Bloomberg detailed that the agreement would offer the sum in exchange for warrants to purchase the stock, which jumped after the report came out. "Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline's merger with JetBlue," said White House spokesman Kush Desai in a statement to CNBC.
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