No clue... Never understood why peeps have this urge to use govt funds for a failing business

Why in the world world the government bail out a company like this

WeAreAllSatoshi

I liked flying with them when they had their cheap "big seats" or whatever but I don't fly much.

k00b

Thank you Sprit for bringing baggage fees to the world

BlokchainB

Another tragic consequence of the foolish and failed war on Iran and the US support for the insane Greater Israel Project.

Even @Cje95 does not try to defend The Greater Israel Project...but just prefers to pretend its not happening.

Israel is the tail wagging the dog.

USA is owned by Zionist Greater Israel war criminals.

![](https://m.stacker.news/139951)

![](https://m.stacker.news/139952)

Todays most downzapped (9800 sats and counting) post about The Greater Israel Project

https://stacker.news/items/1475219

[The war against Iran under the shadow of 'Greater Israel’](https://stacker.news/items/1475219)

Solomonsatoshi

Spirit Airlines is preparing to cease operations. 

The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before        running out of cash. The discount carrier hasn’t been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter said.

Spirit had been in talks with the Trump administration about a deal that would have provided a cash infusion in exchange for warrants that could convert into a stake of up to 90% of the company.

But there had been disagreements inside the Trump administration over whether and how to fund the bailout. And not all Spirit bondholders were on board with that deal, the people said. Meanwhile, the airline is facing relentless cost pressure from higher fuel prices.

Absent the government bailout, Spirit is running out of cash, so now the airline is moving forward with plans to liquidate its aircraft fleet and shut down, the people said. It wasn’t immediately clear what the specific timing of that might look like.

Spirit has spent much of the past year and a half in Chapter 11. The business model that once made it an industry maverick—bringing its brand of bargain basement fares coupled with fees for pretty much everything—faced pressure from more intense competition. The airline buckled after years of losses and a heavy debt load.

All I can say is thank god we didn't bail out Spirit airline..... I have never met someone who had a good experience with them, and so even if the US got the whole company for $500 million, it isn't worth it in the slightest.

Do we need more options? Yes, and United and American should never be able to combine either but bailing out Spirit would have cost wayyyyy more than that $500 million and it likely would have failed anyways.

Travel

Politics_And_Law

Stacker_Stocks

> Spirit Airlines is preparing to cease operations. 
>
> The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before        running out of cash. The discount carrier hasn’t been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter said.
>
> Spirit had been in talks with the Trump administration about a deal that would have provided a cash infusion in exchange for warrants that could convert into a stake of up to 90% of the company.
>
> But there had been disagreements inside the Trump administration over whether and how to fund the bailout. And not all Spirit bondholders were on board with that deal, the people said. Meanwhile, the airline is facing relentless cost pressure from higher fuel prices.
>
> Absent the government bailout, Spirit is running out of cash, so now the airline is moving forward with plans to liquidate its aircraft fleet and shut down, the people said. It wasn’t immediately clear what the specific timing of that might look like.
>
> Spirit has spent much of the past year and a half in Chapter 11. The business model that once made it an industry maverick—bringing its brand of bargain basement fares coupled with fees for pretty much everything—faced pressure from more intense competition. The airline buckled after years of losses and a heavy debt load.


All I can say is thank god we didn't bail out Spirit airline..... I have never met someone who had a good experience with them, and so even if the US got the whole company for $500 million, it isn't worth it in the slightest. 

Do we need more options? Yes, and United and American should never be able to combine either but bailing out Spirit would have cost wayyyyy more than that $500 million and it likely would have failed anyways.