Spirit Airlines may receive a financing package from President Donald Trump’s administration to save it from liquidation, CNBC reported.
The deal could be worth $500 million in financing from the federal government, which would give it an equity stake in the airline.
Spirit Airlines has encountered many challenges in the past years, including a blocked acquisition of JetBlue Airways and rising costs like the increase in fuel prices sparked by the U.S-Iran war.
Talks are reportedly in an advanced stage.
