The Trump administration is nearing a deal to provide Spirit Airlines with a $500 million loan to help the struggling carrier cope with rising jet fuel costs resulting from Trump’s Iran war and the Strait of Hormuz blockade.
Under the proposed agreement, the government would receive warrants for a potential significant stake in the discount airline.
The Wall Street Journal reports this would represent a rare government intervention to rescue a single carrier, distinguishing it from industry-wide assistance following 9/11 or COVID-19. The proposal echoes the administration’s $12 billion farmer bailout, which similarly followed White House policy decisions that disrupted markets.
Conservative critics strongly opposed the bailout.
In a social media post, journalist Robert Lusetich questioned why taxpayers should fund the rescue, while commentator Dana Loesch stated, “Absolutely not. Do not do this.”
Other conservatives, like Craig Fuller, expressed skepticism. Humorously, he noted the administration was providing bailouts to “yellow-themed businesses.”
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